v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 182,530 $ 142,148
Restricted cash   1,213
Short-term marketable securities   165,430
Prepaid expenses and other current assets 8,007 5,264
Total current assets 190,537 314,055
Property and equipment, net 40 1,140
Operating lease right-of-use assets 417 1,777
Other assets 53  
Total assets 191,047 316,972
Current liabilities:    
Accounts payable 3,379 3,307
Accrued liabilities 28,788 24,593
Early exercise liability, current portion   133
Operating lease liabilities, current portion 284 1,853
Total current liabilities 32,451 29,886
Long term debt, net 54,532  
Operating lease liabilities, noncurrent 193  
Early exercise liability, net of current portion   22
Total liabilities 87,176 29,908
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.0001 par value; 700,000 shares authorized as of December 31, 2025 and December 31, 2024; 174,260 and 161,710 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. 17 16
Additional paid-in capital 1,288,003 1,234,207
Accumulated other comprehensive income   62
Accumulated deficit (1,184,149) (947,221)
Total stockholders' equity 103,871 287,064
Total liabilities and stockholders' equity $ 191,047 $ 316,972