v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 52,547 $ 48,301
Marketable securities 452,800 457,136
Prepaid expenses and other current assets 7,882 10,015
Total current assets 513,229 515,452
Operating lease right-of-use assets 921 1,146
Other assets and long-term deposits 16,495 16,832
Total assets 530,645 533,430
Current liabilities:    
Accounts payable 3,719 9,253
Current portion of operating lease liability 956 1,124
Other current liabilities 42,492 41,425
Total current liabilities 47,167 51,802
Non-current liabilities:    
Operating lease liabilities, net of current portion 0 69
Long-term borrowing 3,000 3,000
Total liabilities 50,167 54,871
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 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, $0.0001 par value; 490,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 87,332,971 and 81,376,449 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. 8 8
Additional paid-in capital 1,131,576 1,075,487
Accumulated other comprehensive (loss) income (460) 621
Accumulated deficit (650,646) (597,557)
Total stockholders' equity 480,478 478,559
Total liabilities and stockholders' equity $ 530,645 $ 533,430