v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 129,883 $ 224,254
Marketable securities 247,221 147,895
Collaboration receivable 7,000 0
Other receivables 4,600 173
Prepaid expenses and other current assets 4,481 5,118
Total current assets 393,185 377,440
Property and equipment, net 25,986 29,483
Operating lease right-of-use assets 24,386 26,831
Restricted cash 4,954 4,863
Other long-term assets 148 115
Total assets 448,659 438,732
Current liabilities:    
Accounts payable 3,550 17,215
Accrued expenses and other current liabilities 26,694 18,785
Current deferred revenue 29,571 117,232
Current portion of operating lease liability 4,397 3,714
Total current liabilities 64,212 156,946
Deferred revenue, net of current 111,332 16,147
Defined benefit plan liability 5,265 3,702
Operating lease liability, net of current 34,794 39,001
Total liabilities 215,603 215,796
Commitments and contingencies (Note 8)
Stockholders equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized, 61,790,239 and 61,507,446 shares issued and outstanding as of December 31, 2025 and 2024, respectively 7 6
Additional paid-in capital 714,090 664,874
Accumulated other comprehensive loss (3,827) (3,356)
Accumulated deficit (477,214) (438,588)
Total stockholders' equity 233,056 222,936
Total liabilities and stockholders' equity $ 448,659 $ 438,732