v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 47,256,000 $ 73,805,000
Short-term marketable securities 196,532,000 202,270,000
Prepaid expenses and other current assets 9,996,000 10,164,000
Total current assets 253,784,000 286,239,000
Long-term marketable securities 164,719,000 65,721,000
Property and equipment, net 12,612,000 13,303,000
Operating lease assets 28,265,000 29,030,000
Restricted cash 408,000 408,000
Other assets 1,446,000 1,453,000
Total assets 461,234,000 396,154,000
Current liabilities:    
Accounts payable 2,163,000 981,000
Accrued expenses and other current liabilities 19,250,000 22,464,000
Operating lease liabilities 5,251,000 5,066,000
Total current liabilities 26,664,000 28,511,000
Operating lease liabilities, net of current portion 40,702,000 42,073,000
Other liabilities 340,000 399,000
Total liabilities 67,706,000 70,983,000
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 80,000,000 shares authorized at March 31, 2026 and December 31, 2025; no shares issued and outstanding at March 31, 2026 and December 31, 2025
Common stock, $0.0001 par value; 800,000,000 shares authorized at March 31, 2026 and December 31, 2025; 310,806,888 and 284,159,076 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 31,000 28,000
Additional paid-in capital 1,469,845,000 1,216,724,000
Accumulated other comprehensive (loss) income (699,000) 628,000
Accumulated deficit (1,075,649,000) (892,209,000)
Total stockholders' equity 393,528,000 325,171,000
Total liabilities and stockholders' equity $ 461,234,000 $ 396,154,000