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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 44,107 $ 35,685
Short-term marketable securities 139,016 65,395
Prepaid expenses and other current assets 3,513 4,769
Total current assets 186,636 105,849
Long-term marketable securities 56,098 59,572
Operating lease right-of-use assets 1,216 505
Property and equipment, net 695 288
Other long-term assets 1,649 1,530
Total assets 246,294 167,744
Current liabilities:    
Accounts payable 1,133 2,269
Accrued expenses and other current liabilities 4,300 4,459
Operating lease liabilities 501 256
Total current liabilities 5,934 6,984
Operating lease liabilities, net of current portion 813 285
Total liabilities 6,747 7,269
Commitments and contingencies (Note 6)
Stockholders' equity (deficit)    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 57,436,255 and 47,766,338 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 6 5
Additional paid-in capital 556,555 449,762
Accumulated other comprehensive income (loss) (67) 435
Accumulated deficit (316,947) (289,727)
Total stockholders' equity (deficit) 239,547 160,475
Total liabilities and stockholders' equity (deficit) $ 246,294 $ 167,744