v3.25.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 189,311 $ 238,196
Marketable securities 137,250 112,727
Accounts receivable 151 171
Prepaid expenses and other current assets 7,429 5,730
Total current assets 334,141 356,824
Marketable securities, non-current 52,633 69,866
Property and equipment, net 4,688 5,090
Operating lease right-of-use assets 22,564 23,602
Restricted cash 905 905
Other non-current assets 300 267
Total assets 415,231 456,554
Current liabilities:    
Accounts payable 6,544 3,200
Accrued expenses and other current liabilities 6,557 7,798
Operating lease liabilities, current 2,026 1,851
Total current liabilities 15,127 12,849
Operating lease liabilities, non-current 22,545 23,625
Other non-current liabilities 2 33
Total liabilities 37,674 36,507
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; no shares issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, $0.001 par value per share, 500,000,000 shares authorized at June 30, 2025 and December 31, 2024; 44,567,891 and 44,422,505 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively; 341,721 and 576,829 shares subject to repurchase as of June 30, 2025 and December 31, 2024, respectively 45 44
Additional paid-in capital 542,024 538,321
Accumulated other comprehensive income 176 56
Accumulated deficit (164,688) (118,374)
Total stockholders' equity 377,557 420,047
Total liabilities and stockholders' equity $ 415,231 $ 456,554