v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,919 $ 19,473
Marketable debt securities, short-term 67,337 107,458
Restricted cash 1,472 1,472
Prepaid expenses and other current assets 5,345 4,037
Total current assets 83,073 132,440
Property and equipment, net 8,460 9,899
Intangible assets, net 2,434 2,600
Operating lease right-of-use asset 11,637 12,242
Total assets 105,604 157,181
Current liabilities:    
Accounts payable 9,756 4,859
Accrued expenses and other current liabilities 7,996 11,371
Operating lease liabilities, current portion 1,630 1,450
Total current liabilities 19,382 17,680
Operating lease liabilities, net of current portion 17,400 18,650
Financing lease liabilities, net of current portion 43 100
Total liabilities 36,825 36,430
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, par value $0.001 per share, 10,000,000 shares authorized; zero shares issued and outstanding
Common stock, $0.001 par value per share; 190,000,000 shares authorized; 62,149,664 and 59,967,814 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively. 62 60
Additional paid-in capital 493,719 484,077
Accumulated other comprehensive income 69 170
Accumulated deficit (425,071) (363,556)
Total stockholders' equity 68,779 120,751
Total liabilities and stockholders' equity $ 105,604 $ 157,181