Prepaid Expenses and Other Assets

6 Months Ended

Jun. 30, 2025

5. Prepaid Expenses and Other Assets

At June 30, 2025 and December 31, 2024, prepaid expenses and other current assets consist of the following (in thousands):


	As of
	June 30,		December 31,
	2025		2024
Prepaid external research and development expenses	$	16,214	$	7,716
Prepaid other		4,224		2,961
Receivables		1,968		2,151
Prepaid professional services expense		621		419
Prepaid insurance		1,086		640
	$	24,113	$	13,887

At June 30, 2025 and December 31, 2024, other long-term assets consist of the following (in thousands):


	As of
	June 30,		December 31,
	2025		2024
Prepaid external research and development expenses	$	2,392	$	2,395
Prepaid other		566		536
Prepaid insurance		6		14
	$	2,964	$	2,945