CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 62,103	$ 45,540
Short-term investments	264,277	267,281
Prepaid expenses and other current assets	22,320	20,076
Total current assets	348,700	332,897
Right of use assets - operating leases	370	13
Deferred offering costs	69	69
Other assets	156	190
Total assets	349,295	333,169
Current liabilities:
Accounts payable	8,727	5,934
Accrued expenses	16,169	19,997
Operating lease liabilities	99	14
Total current liabilities	24,995	25,945
Operating lease liabilities, net of current amount	320
Total liabilities	25,315	25,945
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding
Common stock $0.0001 par value, 200,000,000 shares authorized; 45,308,941 and 42,452,251 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	5	4
Additional paid-in capital	772,206	711,847
Accumulated deficit	(447,961)	(404,641)
Accumulated other comprehensive income (loss)	(270)	14
Total stockholders' equity	323,980	307,224
Total liabilities and stockholders' equity	$ 349,295	$ 333,169

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).

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).