v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 451,797 $ 131,549
Marketable securities 608,088 598,643
Prepaid expenses and other current assets 13,912 11,166
Total current assets 1,073,797 741,358
Long-term marketable securities 198,354 172,730
Property and equipment, net 5,280 5,688
Right-of-use asset, net 7,707 8,687
Other non-current assets 8,516 8,671
Total assets 1,293,654 937,134
Current liabilities:    
Accounts payable 1,237 1,221
Lease liability 3,138 3,504
Accrued expenses and other current liabilities 28,577 23,181
Total current liabilities 32,952 27,906
Long-term liabilities:    
Lease liability, net of current 4,909 5,345
Total liabilities 37,861 33,251
Commitments and contingencies (Note 9)
Stockholders' equity:    
Common Stock; $0.00001 par value, 400,000,000 authorized, 75,323,726 issued and 74,882,396 outstanding as of March 31, 2026; 400,000,000 authorized, 69,038,943 issued and 68,401,349 outstanding as of December 31, 2025 1 1
Additional paid-in capital 1,892,411 1,464,561
Accumulated other comprehensive income (loss) (749) 1,080
Accumulated deficit (635,870) (561,759)
Total stockholders' equity 1,255,793 903,883
Total liabilities and stockholders' equity $ 1,293,654 $ 937,134