v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common stock [Member]
Common Class A [Member]
Common stock [Member]
Common Class B [Member]
Additional paid-in capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated deficit [Member]
Beginning Balance , Shares at Dec. 31, 2023   58,629,896 5,435,254      
Beginning Balance at Dec. 31, 2023 $ 700,561 $ 6 $ 1 $ 986,819 $ 31 $ (286,296)
Issuance of common stock upon exercise of stock options , Shares   425,737        
Issuance of common stock upon exercise of stock options 6,452     6,452    
Unrealized gains (losses) on marketable securities (1,349)       (1,349)  
Stock-based compensation expense 13,857     13,857    
Net loss (44,482)         (44,482)
Ending Balance , Shares at Mar. 31, 2024   59,055,633 5,435,254      
Ending Balance at Mar. 31, 2024 675,039 $ 6 $ 1 1,007,128 (1,318) (330,778)
Beginning Balance , Shares at Dec. 31, 2023   58,629,896 5,435,254      
Beginning Balance at Dec. 31, 2023 700,561 $ 6 $ 1 986,819 31 (286,296)
Net loss (185,993)          
Ending Balance , Shares at Sep. 30, 2024   65,495,380 5,435,254      
Ending Balance at Sep. 30, 2024 1,121,126 $ 7 $ 1 1,592,034 1,373 (472,289)
Beginning Balance , Shares at Dec. 31, 2023   58,629,896 5,435,254      
Beginning Balance at Dec. 31, 2023 700,561 $ 6 $ 1 986,819 31 (286,296)
Net loss (260,800)          
Ending Balance , Shares at Dec. 31, 2024   65,909,564 5,435,254      
Ending Balance at Dec. 31, 2024 1,069,792 $ 7 $ 1 1,616,895 (59) (547,052)
Beginning Balance , Shares at Mar. 31, 2024   59,055,633 5,435,254      
Beginning Balance at Mar. 31, 2024 675,039 $ 6 $ 1 1,007,128 (1,318) (330,778)
Issuance of common stock upon exercise of stock options , Shares   223,858        
Issuance of common stock upon exercise of stock options 4,001     4,001    
Issuance of common stock under employee stock purchase plan, shares   5,237        
Issuance of common stock under employee stock purchase plan 292     292    
Unrealized gains (losses) on marketable securities (253)       (253)  
Stock-based compensation expense 15,125     15,125    
Net loss (57,166)         (57,166)
Ending Balance , Shares at Jun. 30, 2024   59,284,728 5,435,254      
Ending Balance at Jun. 30, 2024 637,038 $ 6 $ 1 1,026,546 (1,571) (387,944)
Issuance of common stock upon public offering, net 540,076 $ 1   540,075    
Issuance of common stock upon public offering, net, Shares   5,750,000        
Issuance of common stock upon exercise of stock options , Shares   460,652        
Issuance of common stock upon exercise of stock options 9,954     9,954    
Unrealized gains (losses) on marketable securities 2,944       2,944  
Stock-based compensation expense 15,459     15,459    
Net loss (84,345)         (84,345)
Ending Balance , Shares at Sep. 30, 2024   65,495,380 5,435,254      
Ending Balance at Sep. 30, 2024 1,121,126 $ 7 $ 1 1,592,034 1,373 (472,289)
Beginning Balance , Shares at Dec. 31, 2024   65,909,564 5,435,254      
Beginning Balance at Dec. 31, 2024 1,069,792 $ 7 $ 1 1,616,895 (59) (547,052)
Issuance of common stock upon exercise of stock options and restricted stock unit vesting , Shares   415,489        
Issuance of common stock upon exercise of stock options and restricted stock unit vesting 4,554     4,554    
Unrealized gains (losses) on marketable securities 913       913  
Stock-based compensation expense 20,380     20,380    
Net loss (84,582)         (84,582)
Ending Balance , Shares at Mar. 31, 2025   66,325,053 5,435,254      
Ending Balance at Mar. 31, 2025 1,011,057 $ 7 $ 1 1,641,829 854 (631,634)
Beginning Balance , Shares at Dec. 31, 2024   65,909,564 5,435,254      
Beginning Balance at Dec. 31, 2024 $ 1,069,792 $ 7 $ 1 1,616,895 (59) (547,052)
Issuance of common stock upon exercise of stock options , Shares 676,572          
Net loss $ (306,672)          
Ending Balance , Shares at Sep. 30, 2025   66,836,884 5,435,254      
Ending Balance at Sep. 30, 2025 845,399 $ 7 $ 1 1,696,745 2,370 (853,724)
Beginning Balance , Shares at Mar. 31, 2025   66,325,053 5,435,254      
Beginning Balance at Mar. 31, 2025 1,011,057 $ 7 $ 1 1,641,829 854 (631,634)
Issuance of common stock upon exercise of stock options and restricted stock unit vesting , Shares   247,145        
Issuance of common stock upon exercise of stock options and restricted stock unit vesting 5,265     5,265    
Issuance of common stock under employee stock purchase plan, shares   7,843        
Issuance of common stock under employee stock purchase plan 490     490    
Unrealized gains (losses) on marketable securities 509       509  
Stock-based compensation expense 22,074     22,074    
Net loss (99,653)         (99,653)
Ending Balance , Shares at Jun. 30, 2025   66,580,041 5,435,254      
Ending Balance at Jun. 30, 2025 939,742 $ 7 $ 1 1,669,658 1,363 (731,287)
Issuance of common stock upon exercise of stock options and restricted stock unit vesting , Shares   256,843        
Issuance of common stock upon exercise of stock options and restricted stock unit vesting 4,773     4,773    
Unrealized gains (losses) on marketable securities 1,007       1,007  
Stock-based compensation expense 22,314     22,314    
Net loss (122,437)         (122,437)
Ending Balance , Shares at Sep. 30, 2025   66,836,884 5,435,254      
Ending Balance at Sep. 30, 2025 $ 845,399 $ 7 $ 1 $ 1,696,745 $ 2,370 $ (853,724)