v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (36,514) $ (23,863)
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]    
Depreciation and amortization 240 306
Share-based compensation 5,305 4,124
Amortization of premium and discount on marketable securities (102) (1,103)
ROU asset amortization 491 623
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (783) 5,899
Accounts payable 346 (2,898)
Accrued expenses 4,705 4,713
Operating lease liability (294) (645)
Net cash used in operating activities (25,040) (24,642)
Cash flows from investing activities:    
Purchase of property and equipment (18) 0
Purchases of marketable securities (58,005) (72,950)
Proceeds from sale or maturities of marketable securities 63,251 75,334
Net cash provided by investing activities 5,228 2,384
Cash flows from financing activities:    
Proceeds from issuance of common stock 0 (18,113)
Issuance costs from issuance of common stock 0 (543)
Taxes paid related to net shares settlement of RSUs (815) (136)
Net cash (used in) provided by financing activities (815) 17,434
Net change in cash, cash equivalents and restricted cash (20,627) (4,824)
Cash, cash equivalents and restricted cash at beginning of period 44,051 24,228
Cash, cash equivalents and restricted cash at end of period 23,424 19,404
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]    
Cash and cash equivalents 22,856 19,404
Restricted cash 568 0
Total cash, cash equivalents and restricted cash 23,424 19,404
Supplemental disclosure of cash flow information    
Unrealized loss on marketable securities $ (2) $ (128)