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Statement of Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 238,196 $ 88,483
Marketable securities 112,727 0
Accounts receivable 171 151
Other receivable related to sale of non-financial asset 0 22,625
Prepaid expenses and other current assets 5,730 1,419
Total current assets 356,824 112,678
Marketable securities, non-current 69,866 0
Property and equipment, net 5,090 4,665
Operating lease right-of-use assets 23,602 12,522
Restricted cash 905 905
Other non-current assets 267 97
Total assets 456,554 130,867
Current liabilities:    
Accounts payable 3,200 2,637
Accrued expenses and other current liabilities 7,798 4,277
Operating lease liabilities, current 1,851 0
Total current liabilities 12,849 6,914
Operating lease liabilities, non-current 23,625 12,566
Other non-current liabilities 33 546
Total liabilities 36,507 20,026
Commitments and contingencies (Note 8)
Stockholders' equity (deficit):    
Preferred stock, $0.001 par value; 10,000,000 shares and no shares authorized as of December 31, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of December 31, 2024
Common stock, $0.001 par value per share, 500,000,000 and 260,590,689 shares authorized at December 31, 2024 and 2023, respectively; 44,422,505 and 3,168,134 shares issued and outstanding at December 31, 2024 and 2023, respectively; 576,829 and 1,002,044 shares subject to repurchase as of December 31, 2024 and 2023, respectively 44 3
Additional paid-in capital 538,321 8,199
Accumulated other comprehensive income 56 0
Accumulated deficit (118,374) (46,576)
Total stockholders' equity (deficit) 420,047 (38,374)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) 456,554 130,867
Series A Convertible Preferred Stock [Member]    
Convertible Preferred Stock [Abstract]    
Convertible preferred stock 0 74,694
Series B Convertible Preferred Stock [Member]    
Convertible Preferred Stock [Abstract]    
Convertible preferred stock $ 0 $ 74,521