v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (31,646) $ (36,740)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation expense 3,877 6,393
Amortization of operating lease right-of-use assets 2,336 2,160
Depreciation 922 1,028
Amortization (accretion) of premium (discount) on securities, net (980) (1,453)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 160 (71)
Accounts payable (51) (308)
Accrued expenses and other liabilities 390 (706)
Operating lease liabilities (2,295) (2,026)
Net cash used in operating activities (27,287) (31,723)
Cash flows from investing activities    
Proceeds from maturities of securities 45,878 53,500
Purchases of securities (11,278) (15,694)
Purchases of property and equipment (615) (1,159)
Net cash provided by investing activities 33,985 36,647
Cash flows from financing activities    
Proceeds from exercise of stock options 26 275
Proceeds from issuance of common stock under employee stock purchase plan 87 289
Net cash provided by financing activities 113 564
Net increase in cash, cash equivalents and restricted cash 6,811 5,488
Cash, cash equivalents and restricted cash at beginning of period 28,648 20,399
Cash, cash equivalents and restricted cash at end of period 35,459 25,887
Supplementary cash flow information on non-cash activities:    
Acquisitions of property and equipment included in accounts payable $ 112 $ 444