Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 91,253	$ 61,575
Marketable securities, current	257,902	314,073
Prepaid expenses and other current assets	6,008	1,221
Total current assets	355,163	376,869
Marketable securities, long-term	151,763	18,069
Property and equipment, net	253	162
Operating lease right-of-use assets	1,969	876
Other non-current assets	103	43
Total assets	509,251	396,019
Current liabilities:
Accounts payable	2,208	3,462
Accrued expenses and other current liabilities	8,648	3,346
Operating lease liability, current	419	213
Total current liabilities	20,967	13,043
Operating lease liability, non-current	1,493	755
Total liabilities	22,460	13,798
Commitments and contingencies (Note 11)
Stockholders’ equity:
Common stock, $0.001 par value; 545,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 48,384,150 and 37,440,510 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	48	37
Additional paid-in capital	643,201	463,018
Accumulated other comprehensive income (loss)	185	(41)
Accumulated deficit	(159,574)	(83,724)
Total stockholders’ equity	486,791	382,221
Total liabilities and stockholders’ equity	509,251	396,019
Series B Non-Voting Convertible Preferred Stock
Stockholders’ equity:
Series B non-voting convertible preferred stock, $0.001 par value; 251,504 shares authorized as of September 30, 2025 and December 31, 2024; 137,138 shares issued and outstanding as of September 30, 2025 and December 31, 2024	2,931	2,931
Related Party
Current liabilities:
Related party common stock warrant liability	9,684
Related party accounts payable and other current liabilities	$ 8	$ 6,022

Amount of obligations incurred classified as other, payable within one year or the normal operating cycle, if longer.

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).