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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 57,604 $ 56,805
Short-term investments 227,778 248,475
Restricted cash 105 105
Prepaid expenses and other current assets 5,481 4,417
Total current assets 290,968 309,802
Property and equipment, net 3,404 3,529
Operating lease right of use asset, net 7,470 1,442
Other assets 211 160
Total assets 302,053 314,933
Current liabilities    
Accounts payable 2,139 1,954
Accrued expenses and other current liabilities 6,236 6,076
Operating lease liability 1,008 737
Total current liabilities 9,383 8,767
Operating lease liability, net of current portion 6,834 739
Total liabilities 16,217 9,506
Commitments and contingencies (Note 11)
Stockholders' equity (deficit)    
Common stock, $0.001 par value; 500,000,000 shares authorized at March 31, 2025 and December 31, 2024; 36,497,434 shares and 36,580,202 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 37 37
Additional paid-in capital 433,702 429,657
Accumulated other comprehensive income (95) (522)
Accumulated deficit (147,808) (123,745)
Total stockholders' equity 285,836 305,427
Total liabilities and stockholders' equity $ 302,053 $ 314,933