v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 63,324 $ 58,451
Marketable securities, current 152,826 177,431
Prepaid expenses and other current assets 4,809 5,537
Total current assets 220,959 241,419
Property and equipment, net 2,071 2,225
Marketable securities, noncurrent 73,781 74,420
Restricted cash 963 963
Operating lease right-of-use asset 6,680 6,926
Other assets 585 0
Total assets 305,039 325,953
Current liabilities:    
Accounts payable 2,109 769
Accrued expenses 6,328 9,668
Operating lease liability, current 1,322 1,269
Other current liabilities 17 6
Total current liabilities 9,776 11,712
Operating lease liability, noncurrent 7,055 7,408
Total liabilities 16,831 19,120
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; no shares issued or outstanding as of March 31, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value, 500,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; 45,075,651 and 44,723,585 shares issued, 45,075,651 and 44,723,585 shares outstanding as of March 31, 2026 and December 31, 2025, respectively 45 45
Additional paid-in capital 571,380 562,602
Accumulated other comprehensive (loss) income (84) 540
Accumulated deficit (283,133) (256,354)
Total stockholders’ equity 288,208 306,833
Total liabilities and stockholders’ equity $ 305,039 $ 325,953