CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 152,925	$ 177,878
Marketable securities	142,088	259,400
Prepaid expenses and other current assets	24,113	13,887
Total current assets	319,126	451,165
Property and equipment, net	2,437	2,761
Operating lease right-of-use asset	13,111	15,644
Restricted cash	2,407	2,407
Other long-term assets	2,964	2,945
Total assets	340,045	474,922
Current liabilities:
Accounts payable	1,104	10,095
Accrued expenses	44,119	31,067
Operating lease liability	5,212	5,774
Total current liabilities	50,435	46,936
Long-term portion of operating lease liability	6,561	9,206
Long-term debt	49,756	50,146
Total liabilities	106,752	106,288
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2025 and December 31, 2024
Common stock, $0.001 par value; 300,000,000 shares authorized; 95,999,608 and 93,823,678 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	96	94
Additional paid-in capital	1,340,608	1,291,095
Accumulated other comprehensive income	58	160
Accumulated deficit	(1,107,469)	(922,715)
Total stockholders' equity	233,293	368,634
Total liabilities and stockholders' equity	$ 340,045	$ 474,922

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).

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

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).