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Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total
--- | --- | --- | --- | ---
Balance at Dec. 31, 2023 | $ 12 | $ 788,697 | $ (697,578) | $ 91,131
Balance, shares at Dec. 31, 2023 | 114,963,193 |  |  |
Stockholders' Equity (Deficit) |  |  |  |
Issuance of common stock upon exercise of stock options |  | 4,870 |  | 4,870
Issuance of common stock upon exercise of stock options, shares | 1,025,384 |  |  |
Issuance of common stock upon vesting of restricted stock units (in shares) | 532,717 |  |  |
Issuance of common stock and pre-funded warrants upon private placement, net of issuance costs | $ 3 | 316,350 |  | 316,353
Issuance of common stock and pre-funded warrants upon private placement, net of issuance costs, shares | 32,413,560 |  |  |
Issuance of common stock in connection with conversion of Convertible Notes |  | 52,499 |  | 52,499
Issuance of common stock in connection with conversion of Convertible Notes, shares | 5,769,232 |  |  |
Stock-based compensation expense |  | 7,978 |  | 7,978
Net Income (Loss) |  |  | (64,848) | (64,848)
Balance at Mar. 31, 2024 | $ 15 | 1,170,394 | (762,426) | 407,983
Balance, shares at Mar. 31, 2024 | 154,704,086 |  |  |
Balance at Dec. 31, 2024 | $ 16 | 1,206,412 | (891,084) | 315,344
Balance, shares at Dec. 31, 2024 | 157,749,490 |  |  |
Stockholders' Equity (Deficit) |  |  |  |
Issuance of common stock upon exercise of stock options |  | 4,183 |  | 4,183
Issuance of common stock upon exercise of stock options, shares | 880,115 |  |  |
Issuance of common stock upon vesting of restricted stock units (in shares) | 632,419 |  |  |
Stock-based compensation expense |  | 10,456 |  | 10,456
Net Income (Loss) |  |  | (64,053) | (64,053)
Balance at Mar. 31, 2025 | $ 16 | $ 1,221,051 | $ (955,137) | $ 265,930
Balance, shares at Mar. 31, 2025 | 159,262,024 |  |  |

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