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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 13,166 $ 12,388
Short-term investments 70,865 91,018
Prepaid expenses and other current assets 3,595 2,557
Total current assets 87,626 105,963
Property and equipment, net 3,999 3,457
Operating lease right-of-use assets 25,619 27,773
Long-term investments 45,155 52,739
Other long-term assets 1,177 1,180
Total assets 163,576 191,112
Current liabilities:    
Accounts payable 1,095 943
Accrued expenses and other liabilities 3,553 3,177
Current portion of operating lease liabilities 3,991 3,832
Total current liabilities 8,639 7,952
Operating lease liabilities, net of current portion 23,825 26,187
Total liabilities 32,464 34,139
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 200,000,000 authorized as of June 30, 2026 and December 31, 2025; 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 127,224,640 and 126,469,610 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 13 13
Additional paid-in capital 492,616 488,737
Accumulated other comprehensive income (loss) (331) 243
Accumulated deficit (361,186) (332,020)
Total stockholders’ equity 131,112 156,973
Total liabilities and stockholders’ equity $ 163,576 $ 191,112