v3.25.3
Condensed Statements of Stockholders' Equity (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid- In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Dec. 31, 2023 $ 397,273 $ 7 $ 1,119,976 $ (1,271) $ (721,439)
Beginning balance (in shares) at Dec. 31, 2023   74,350      
Issuance of pre-funded warrants to purchase common stock, net of offering costs 122,726   122,726    
Issuance of common stock, net of offering costs 23,088 $ 1 23,087    
Issuance of common stock, net of offering costs, (in shares)   1,377      
Share-based compensation expense 8,512   8,512    
Issuance of common stock under equity plans 2,555   2,555    
Issuance of common stock under equity plans (in shares)   454      
Other comprehensive income (loss) 455     455  
Net loss (49,525)       (49,525)
Ending balance at Mar. 31, 2024 505,084 $ 8 1,276,856 (816) (770,964)
Ending balance (in shares) at Mar. 31, 2024   76,181      
Beginning balance at Dec. 31, 2023 397,273 $ 7 1,119,976 (1,271) (721,439)
Beginning balance (in shares) at Dec. 31, 2023   74,350      
Net loss (154,766)        
Ending balance at Sep. 30, 2024 423,771 $ 8 1,298,852 1,116 (876,205)
Ending balance (in shares) at Sep. 30, 2024   77,749      
Beginning balance at Mar. 31, 2024 505,084 $ 8 1,276,856 (816) (770,964)
Beginning balance (in shares) at Mar. 31, 2024   76,181      
Share-based compensation expense 8,430   8,430    
Issuance of common stock under equity plans 3,040   3,040    
Issuance of common stock under equity plans (in shares)   241      
Other comprehensive income (loss) 353     353  
Net loss (50,837)       (50,837)
Ending balance at Jun. 30, 2024 466,070 $ 8 1,288,326 (463) (821,801)
Ending balance (in shares) at Jun. 30, 2024   76,422      
Share-based compensation expense 8,324   8,324    
Issuance of common stock under equity plans 2,202   2,202    
Issuance of common stock under equity plans (in shares)   327      
Exercise of pre-funded warrants (in shares)   1,000      
Other comprehensive income (loss) 1,579     1,579  
Net loss (54,404)       (54,404)
Ending balance at Sep. 30, 2024 423,771 $ 8 1,298,852 1,116 (876,205)
Ending balance (in shares) at Sep. 30, 2024   77,749      
Beginning balance at Dec. 31, 2024 413,640 $ 8 1,308,290 764 (895,422)
Beginning balance (in shares) at Dec. 31, 2024   78,229      
Share-based compensation expense 7,842   7,842    
Issuance of common stock under equity plans 143   143    
Issuance of common stock under equity plans (in shares)   375      
Exercise of pre-funded warrants (in shares)   2,174      
Other comprehensive income (loss) 210     210  
Net loss (57,429)       (57,429)
Ending balance at Mar. 31, 2025 364,406 $ 8 1,316,275 974 (952,851)
Ending balance (in shares) at Mar. 31, 2025   80,778      
Beginning balance at Dec. 31, 2024 413,640 $ 8 1,308,290 764 (895,422)
Beginning balance (in shares) at Dec. 31, 2024   78,229      
Net loss (197,667)        
Ending balance at Sep. 30, 2025 242,542 $ 9 1,334,704 918 (1,093,089)
Ending balance (in shares) at Sep. 30, 2025   87,016      
Beginning balance at Mar. 31, 2025 364,406 $ 8 1,316,275 974 (952,851)
Beginning balance (in shares) at Mar. 31, 2025   80,778      
Share-based compensation expense 6,949   6,949    
Issuance of common stock under equity plans 515   515    
Issuance of common stock under equity plans (in shares)   101      
Exercise of pre-funded warrants 1 $ 1      
Exercise of pre-funded warrants (in shares)   5,918      
Other comprehensive income (loss) (263)     (263)  
Net loss (66,122)       (66,122)
Ending balance at Jun. 30, 2025 305,486 $ 9 1,323,739 711 (1,018,973)
Ending balance (in shares) at Jun. 30, 2025   86,797      
Share-based compensation expense 10,965   10,965    
Issuance of common stock under equity plans (in shares)   219      
Other comprehensive income (loss) 207     207  
Net loss (74,116)       (74,116)
Ending balance at Sep. 30, 2025 $ 242,542 $ 9 $ 1,334,704 $ 918 $ (1,093,089)
Ending balance (in shares) at Sep. 30, 2025   87,016