v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 8,356 $ 35,685
Short-term marketable securities 101,208 65,395
Prepaid expenses and other current assets 3,840 4,769
Total current assets 113,404 105,849
Long-term marketable securities 36,741 59,572
Operating lease right-of-use assets 447 505
Property and equipment, net 250 288
Other long-term assets 1,530 1,530
Total assets 152,372 167,744
Current liabilities:    
Accounts payable 860 2,269
Accrued expenses and other current liabilities 2,948 4,459
Operating lease liabilities 263 256
Total current liabilities 4,071 6,984
Operating lease liabilities, net of current portion 216 285
Total liabilities 4,287 7,269
Commitments and contingencies (Note 6)
Stockholders' equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 47,768,543 and 47,766,338 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 5 5
Additional paid-in capital 451,372 449,762
Accumulated other comprehensive loss 157 435
Accumulated deficit (303,449) (289,727)
Total stockholders' equity 148,085 160,475
Total liabilities and stockholders' equity $ 152,372 $ 167,744