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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 139,419 $ 49,498
Short-term investments 49,302 262,519
Prepaid expenses and other current assets 4,101 4,444
Total current assets 192,822 316,461
Restricted cash 1,032 1,032
Property and equipment, net 11,152 12,638
Operating lease right-of-use assets 15,587 16,705
Other non-current assets 8,549 3,235
Total assets 229,142 350,071
Current liabilities:    
Accounts payable 18,219 10,426
Accrued and other current liabilities 22,543 17,568
Operating lease liabilities, current 2,818 2,518
Total current liabilities 43,580 30,512
Operating lease liabilities, non-current 24,120 26,454
Total liabilities 67,700 56,966
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock 115 109
Additional paid-in capital 1,030,536 1,003,685
Accumulated other comprehensive (loss) income (76) 10
Accumulated deficit (869,133) (710,699)
Total stockholders’ equity 161,442 293,105
Total liabilities and stockholders’ equity $ 229,142 $ 350,071