v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 193,712 $ 128,390
Marketable securities 354,074 438,974
Receivable from collaboration partner 53,663 121
Prepaid expenses and other current assets 12,006 10,089
Total current assets 613,455 577,574
Marketable securities - noncurrent 72,548 78,638
Property and equipment, net 3,778 3,860
Restricted cash - noncurrent 288 287
Operating lease right-of-use asset 7,390 7,829
Total assets 697,459 668,188
Current liabilities:    
Accounts payable 8,437 5,339
Accrued expenses and other payables 17,491 28,269
Deferred revenue 6,282 9,550
Operating lease liability 2,339 2,283
Total current liabilities 34,549 45,441
Operating lease liability - noncurrent 7,437 8,040
Total liabilities 41,986 53,481
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.00001 par value, 180,000,000 shares authorized; 64,227,057 and 62,577,897 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 1,122,629 1,084,736
Accumulated other comprehensive (loss) income (269) 641
Accumulated deficit (466,888) (470,671)
Total stockholders' equity 655,473 614,707
Total liabilities and stockholders' equity $ 697,459 $ 668,188