Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 32,284	$ 16,373
Short-term investments	108,040	28,417
Prepaid expenses and other current assets	5,240	5,937
Total current assets	145,564	50,727
Property and equipment, net	1,050	1,200
Long-term investments	28,783	3,494
Other assets	2,931	3,625
Total assets	178,328	59,046
Current liabilities:
Accounts payable	3,854	4,914
Term loan, current	5,217	5,217
Accrued expenses and other current liabilities	11,107	14,422
Total current liabilities	20,178	24,553
Term loan, non-current	3,295	4,532
Other non-current liabilities	3,508	3,980
Total liabilities	26,981	33,065
Commitments and contingencies (Note 12)
Stockholders’ equity
Common stock, $0.001 par value; 1,000,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 134,540,741and 54,388,022 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	135	54
Additional paid-in capital	892,201	748,716
Accumulated other comprehensive income	(245)	28
Accumulated deficit	(740,744)	(722,817)
Total stockholders’ equity	151,347	25,981
Total liabilities and stockholders’ equity	$ 178,328	$ 59,046

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other.

+ References

No definition available.