v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 124,523 $ 142,148
Restricted cash 0 1,213
Short-term marketable securities 93,065 165,430
Prepaid expenses and other current assets 5,321 5,264
Total current assets 222,909 314,055
Property and equipment, net 87 1,140
Operating lease right-of-use assets 531 1,777
Other assets 298 0
Total assets 223,825 316,972
Current liabilities:    
Accounts payable 644 3,307
Accrued liabilities 20,253 24,593
Early exercise liability, current portion 88 133
Operating lease liabilities, current portion 171 1,853
Total current liabilities 21,156 29,886
Long term debt, net 19,451 0
Operating lease liabilities, noncurrent 339 0
Early exercise liability, net of current portion 0 22
Total liabilities 40,946 29,908
Commitments and contingencies
Stockholders' equity (deficit):    
Common stock 16 16
Additional paid-in capital 1,250,822 1,234,207
Accumulated other comprehensive (gain) loss (15) 62
Accumulated deficit (1,067,944) (947,221)
Total stockholders' equity 182,879 287,064
Total liabilities and stockholders' equity $ 223,825 $ 316,972