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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 49,498 $ 225,110
Short-term investments 262,519 34,606
Prepaid expenses and other current assets 4,444 4,144
Total current assets 316,461 263,860
Restricted cash 1,032 1,032
Property and equipment, net 12,638 14,773
Operating lease right-of-use assets 16,705 18,009
Other non-current assets 3,235  
Total assets 350,071 297,674
Current liabilities:    
Accounts payable 10,426 5,487
Accrued and other current liabilities 17,568 10,276
Operating lease liabilities, current 2,518 2,165
Total current liabilities 30,512 17,928
Operating lease liabilities, non-current 26,454 29,190
Total liabilities 56,966 47,118
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized as of December 31, 2024 and 2023; 109,381,556 and 78,369,099 shares issued and outstanding as of December 31, 2024 and 2023, respectively 109 78
Additional paid-in capital 1,003,685 823,029
Accumulated other comprehensive income (loss) 10 (52)
Accumulated deficit (710,699) (572,499)
Total stockholders' equity 293,105 250,556
Total liabilities and stockholders’ equity $ 350,071 $ 297,674