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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 35,260 $ 139,480
Marketable securities 293,700 294,606
Prepaid expenses and other current assets 5,369 4,387
Total current assets 334,329 438,473
Operating lease right-of-use assets 1,419 1,314
Other assets and long-term deposits 16,705 11,192
Total assets 352,453 450,979
Current liabilities:    
Accounts payable 3,474 4,460
Operating lease liabilities, current 1,168 1,172
Other current liabilities (Note 6) 37,013 36,126
Total current liabilities 41,655 41,758
Operating lease liabilities, net of current portion 310 257
Long-term borrowing 3,000 0
Total liabilities 44,965 42,015
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2025 and December 31, 2024; no shares issued and outstanding as of September 30, 2025 and December 31, 2024.
Common stock, $0.0001 par value; 490,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 68,652,730 and 74,312,608 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively. 7 7
Additional paid-in capital 858,451 843,920
Accumulated other comprehensive income 526 143
Accumulated deficit (551,496) (435,106)
Total stockholders' equity 307,488 408,964
Total liabilities and stockholders' equity $ 352,453 $ 450,979