v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Current assets:      
Cash and cash equivalents $ 38,791 $ 33,180  
Short-term investments 163,981 202,522  
Prepaid expenses and other current assets 6,493 5,914  
Total current assets 209,265 241,616  
Property and equipment, net 130 100  
In-process R&D 11,364 11,636  
Other non-current assets 886 84  
Total assets 221,645 253,436  
Current liabilities:      
Accounts payable 4,496 5,757  
Accrued expenses and other current liabilities 11,043 14,639  
Total current liabilities 15,539 20,396  
Long-term liabilities:      
Long-term debt 30,067 29,907  
Total liabilities 45,606 50,303  
Commitments and Contingencies (Note 9)  
Stockholders’ equity:      
Common stock, $0.001 par value, 300,000,000 authorized as of March 31, 2026 and December 31, 2025; 204,922,140 and 204,567,283 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 204 204  
Additional paid-in capital 821,635 811,103  
Accumulated other comprehensive loss (429) (87)  
Accumulated deficit (645,371) (608,087)  
Total stockholders’ equity 176,039 203,133 $ 147,850
Total liabilities and stockholders’ equity $ 221,645 $ 253,436