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CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 60,652 $ 75,000
Short-term investments 65,039 21,526
Prepaid expenses and other current assets 5,609 6,247
Total current assets 131,300 102,773
Operating lease right-of-use assets 33,611 35,024
Property and equipment, net 11,607 14,764
Restricted cash 1,976 1,976
Deposit and other long-term assets 1,347 1,231
Total assets 179,841 155,768
Current liabilities:    
Accounts payable 1,610 1,921
Accrued expenses and other current liabilities 15,620 12,584
Lease liability, current portion 5,668 5,476
Total current liabilities 22,898 19,981
Long-term liabilities:    
Lease liability, net of current portion 86,037 68,565
Other non-current liabilities 192 0
Total liabilities 109,127 88,546
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value, 300,000 shares authorized at December 31, 2024: 20,848 and 10,143 shares issued and outstanding at December 31, 2024 and 2023, respectively 2 1
Additional paid-in capital 1,138,070 1,003,718
Accumulated other comprehensive loss (407) (473)
Accumulated deficit (1,066,951) (936,024)
Total stockholders’ equity 70,714 67,222
Total liabilities and stockholders’ equity $ 179,841 $ 155,768
Common stock, shares issued (in shares) 20,848 10,143
Common stock, shares outstanding (in shares) 20,848 10,143
Common stock, shares authorized (in shares) 300,000 300,000
Common stock, par value (in USD per share) $ 0.0001 $ 0.0001