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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 49,161 $ 60,652
Short-term investments 33,922 65,039
Prepaid expenses and other current assets 6,386 5,609
Total current assets 89,469 131,300
Operating lease right-of-use assets 33,584 33,611
Property and equipment, net 11,135 11,607
Restricted cash 1,976 1,976
Deposit and other long-term assets 1,490 1,347
Total assets 137,654 179,841
Current liabilities:    
Accounts payable 1,819 1,610
Accrued expenses and other current liabilities 16,046 15,620
Lease liability, current portion 7,229 5,668
Total current liabilities 25,094 22,898
Lease liability, net of current portion 85,949 86,037
Other non-current liabilities 189 192
Total liabilities 111,232 109,127
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock 0 0
Common stock 2 2
Additional paid-in capital 1,140,848 1,138,070
Accumulated other comprehensive loss (458) (407)
Accumulated deficit (1,113,970) (1,066,951)
Total stockholders’ equity 26,422 70,714
Total liabilities and stockholders’ equity $ 137,654 $ 179,841