Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 168,543	$ 97,249
Marketable securities	401,922	321,664
Receivable from collaboration partner		165,000
Contract asset	23,363
Prepaid expenses and other current assets	8,698	7,728
Total current assets	602,526	591,641
Marketable securities - noncurrent	102,493	140,252
Property and equipment, net	4,108	3,190
Restricted cash - noncurrent	290	225
Operating lease right-of-use asset	8,589	9,417
Total assets	718,006	744,725
Current liabilities:
Accounts payable	3,249	1,615
Accrued expenses and other payables	15,397	23,693
Income taxes payable		2,689
Deferred revenue	14,688	18,891
Operating lease liability	2,173	510
Total current liabilities	35,507	47,398
Deferred revenue - noncurrent	5,375	11,676
Operating lease liability - noncurrent	9,106	10,356
Total liabilities	49,988	69,430
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.00001 par value, 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.00001 par value, 180,000,000 shares authorized; 62,107,572 and 61,035,139 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	1	1
Additional paid-in capital	1,054,980	1,015,898
Accumulated other comprehensive loss	(15)	(82)
Accumulated deficit	(386,948)	(340,522)
Total stockholders' equity	668,018	675,295
Total liabilities and stockholders' equity	$ 718,006	$ 744,725

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.