v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 71,605 $ 120,722
Marketable securities 275,796 270,367
Accounts receivable 10,842 10,356
Prepaid expenses and other current assets 9,815 9,519
Total current assets 368,058 410,964
Marketable securities, non-current 174,691 157,569
Property and equipment, net 4,328 4,434
Operating lease right-of-use assets 20,933 21,499
Restricted cash 905 905
Other non-current assets 773 816
Total assets 569,688 596,187
Current liabilities:    
Accounts payable 7,464 10,283
Accrued expenses and other current liabilities 8,629 12,167
Deferred revenue, current 59,763 62,269
Operating lease liabilities, current 2,309 2,212
Total current liabilities 78,165 86,931
Deferred revenue, non-current 92,184 105,917
Operating lease liabilities, non-current 20,781 21,413
Other non-current liabilities 100 0
Total liabilities 191,230 214,261
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized as of March 31, 2026 and December 31, 2025; no shares issued and outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.001 par value per share, 500,000,000 shares authorized at March 31, 2026 and December 31, 2025; 44,916,572 and 44,806,272 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively; 75,247 and 131,224 shares subject to repurchase as of March 31, 2026 and December 31, 2025, respectively 45 45
Additional paid-in capital 554,872 548,517
Accumulated other comprehensive (loss) income (569) 617
Accumulated deficit (175,890) (167,253)
Total stockholders' equity 378,458 381,926
Total liabilities and stockholders' equity $ 569,688 $ 596,187