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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 26,060 $ 60,652
Short-term investments 0 65,039
Prepaid expenses and other current assets 2,849 5,609
Total current assets 28,909 131,300
Operating lease right-of-use assets 29,031 33,611
Property and equipment, net 10,462 11,607
Restricted cash 1,976 1,976
Deposit and other long-term assets 2,023 1,347
Total assets 72,401 179,841
Current liabilities:    
Accounts payable 12,459 1,610
Accrued expenses and other current liabilities 26,476 15,620
Lease liability, current portion 5,814 5,668
Total current liabilities 44,749 22,898
Lease liability, net of current portion 83,126 86,037
Other non-current liabilities 179 192
Total liabilities 128,054 109,127
Commitments and contingencies (Note 4)
Stockholders’ (deficit) equity:    
Preferred stock 0 0
Common stock 2 2
Additional paid-in capital 1,155,598 1,138,070
Accumulated other comprehensive loss (440) (407)
Accumulated deficit (1,210,813) (1,066,951)
Total stockholders’ (deficit) equity (55,653) 70,714
Total liabilities and stockholders’ (deficit) equity $ 72,401 $ 179,841