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Consolidated balance sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 274,817 $ 127,983
Marketable securities - current 82,507 88,916
Prepaid expenses 12,694 11,117
Restricted cash - current 75 75
Interest receivable 606 700
Other current assets 5,037 3,965
Total current assets 375,736 232,756
Marketable securities - long-term 22,989 29,824
Restricted cash - long-term 721 721
Operating lease right-of-use assets 3,831 4,345
Property and equipment, net 3,611 3,909
Total assets 406,888 271,555
Current liabilities:    
Accounts payable 2,186 2,498
Accrued and other current liabilities 24,335 18,567
Deferred revenue - current portion 18,164 18,991
Total current liabilities 44,685 40,056
Deferred revenue - net of current portion 10,255  
Other long term liabilities 1,874 2,478
Total long term liabilities 12,129 2,478
Total liabilities 56,814 42,534
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, par value of $0.0001 per share; 300,000,000 shares authorized, 54,595,714 and 54,032,826 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 5 5
Additional paid-in capital 728,124 719,997
Accumulated other comprehensive loss (104) (151)
Accumulated deficit (377,951) (490,830)
Total stockholders’ equity 350,074 229,021
Total liabilities and stockholders’ equity $ 406,888 $ 271,555