v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net Income (Loss) $ (78,729) $ (63,465)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation 1,247 1,257
Noncash operating lease expense 2,030 1,850
Stock-based compensation 13,825 14,257
Accretion on marketable securities (1,360) (2,575)
Other, net (57) 33
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (461) 2,498
Other long-term assets (306) 36
Accounts payable 750 (1,724)
Accrued expenses and other liabilities (4,988) 1,411
Operating lease liabilities (1,594) (796)
Deferred revenue (8,573) (14,246)
Net cash used in operating activities (78,216) (61,464)
Cash flows from investing activities    
Purchase of property and equipment (675) (515)
Sales and maturities of marketable securities 119,150 170,885
Purchases of marketable securities (71,100) (168,874)
Net cash provided by investing activities 47,375 1,496
Cash flows from financing activities    
Proceeds from issuance of common stock and pre-funded warrants   41,723
Proceeds from issuance of common stock upon exercise of stock options and purchase of shares under ESPP 583 2,570
Net cash provided by financing activities 583 44,293
Net change in cash, cash equivalents and restricted cash (30,258) (15,675)
Cash, cash equivalents and restricted cash, beginning of period 72,097 69,808
Cash, cash equivalents and restricted cash, end of period 41,839 54,133
Supplemental cash flow information:    
Cash paid for leases 3,928 2,314
Supplemental disclosure of noncash investing and financing activity:    
Purchases of property and equipment included in accounts payable and accrued expenses 256 0
Operating lease liabilities from obtaining right-of-use assets 1,308 210
Revaluation of right-of-use asset and lease liability upon lease remeasurement $ 1,199 $ 497