v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (19,272) $ (26,864)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,763 2,661
Amortization (accretion) of premium (discount) on marketable securities 0 31
Stock-based compensation 2,196 3,731
Non-cash operating lease expense 654 596
Other 8 168
Changes in operating assets and liabilities:    
Accounts receivable (10,627) 0
Prepaid expenses and other current assets (9) (460)
Other noncurrent assets 461 4
Accounts payable (1,460) (379)
Accrued and other current liabilities (2,637) (1,903)
Contract liabilities 10,402 0
Operating lease liabilities (713) (697)
Net cash used in operating activities (19,234) (23,112)
Cash flows from investing activities:    
Purchases of property and equipment (11) (383)
Proceeds from sales of marketable securities 0 10,958
Proceeds from maturities of marketable securities 0 11,727
Net cash (used) provided by investing activities (11) 22,302
Cash flows from financing activities:    
Payment of accrued offering costs (415) 0
Net cash (used) provided by financing activities (415) 50,259
Net change in cash, cash equivalents and restricted cash (19,660) 49,449
Cash and cash equivalents and restricted cash at beginning of period 100,966 4,742
Cash and cash equivalents and restricted cash at end of period 81,306 54,191
Components of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 80,887 53,772
Restricted cash included in other noncurrent assets 419 419
Cash, cash equivalents and restricted cash 81,306 54,191
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment included in accounts payable and accrued and other current liabilities 100 138
Offering cost included in accounts payable and accrued expenses and other current liabilities 0 546
Follow On Offering    
Cash flows from financing activities:    
Proceeds from issuance of equity, net of issuance costs 0 49,345
Payment of accrued offering costs   (3,699)
At The Market Sales    
Cash flows from financing activities:    
Proceeds from issuance of equity, net of issuance costs $ 0 914
Payment of accrued offering costs   $ (280)