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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 97,122 $ 49,498
Short-term investments 166,574 262,519
Prepaid expenses and other current assets 4,466 4,444
Total current assets 268,162 316,461
Restricted cash 1,032 1,032
Property and equipment, net 12,190 12,638
Operating lease right-of-use assets 16,346 16,705
Other non-current assets 5,297 3,235
Total assets 303,027 350,071
Current liabilities:    
Accounts payable 10,437 10,426
Accrued and other current liabilities 20,494 17,568
Operating lease liabilities, current 2,616 2,518
Total current liabilities 33,547 30,512
Operating lease liabilities, non-current 25,692 26,454
Total liabilities 59,239 56,966
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock 109 109
Additional paid-in capital 1,008,825 1,003,685
Accumulated other comprehensive (loss) income (91) 10
Accumulated deficit (765,055) (710,699)
Total stockholders’ equity 243,788 293,105
Total liabilities and stockholders’ equity $ 303,027 $ 350,071