v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 124,192 $ 141,789
Marketable securities 381,228 378,864
Prepaid expenses and other current assets 10,702 9,060
Total current assets 516,122 529,713
Long-term marketable securities 115,769 210,416
Property and equipment, net 6,438 1,959
Right-of-use asset, net 10,586 11,365
Other non-current assets 8,857 498
Total assets 657,772 753,951
Current liabilities:    
Accounts payable 5,678 1,071
Lease liability 4,025 3,234
Accrued expenses and other current liabilities 21,848 24,255
Total current liabilities 31,551 28,560
Long-term liabilities:    
Lease liability, net of current 6,820 8,597
Total liabilities 38,371 37,157
Commitments and contingencies (Note 9)
Stockholders' equity:    
Common Stock; $0.00001 par value, 400,000,000 authorized, 59,587,430 issued and 58,560,525 outstanding as of June 30, 2025; 400,000,000 authorized, 59,478,725 issued and 58,062,898 outstanding as of December 31, 2024 1 1
Additional paid-in capital 1,046,066 1,021,794
Accumulated other comprehensive income 685 915
Accumulated deficit (427,351) (305,916)
Total stockholders' equity 619,401 716,794
Total liabilities and stockholders' equity $ 657,772 $ 753,951