v3.26.1
Condensed consolidated balance sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 96,724 $ 101,578
Short-term investments 197,855 239,931
Accounts receivable 1,034 668
Prepaid expenses and other current assets 20,666 9,620
Total current assets 316,279 351,797
Property and equipment, net 510 559
Operating lease right-of-use assets 1,071 1,222
Restricted cash 194 194
Total assets 318,054 353,772
Current liabilities:    
Accounts payable 1,710 2,726
Accrued expenses and other current liabilities 11,235 10,006
Operating lease liabilities, current portion 724 720
Total current liabilities 13,669 13,452
Operating lease liabilities, net of current portion 390 549
Total liabilities 14,059 14,001
Commitments and contingencies (Note 13)
Stockholders' deficit:    
Preferred stock, $0.001 par value; 10,000,000 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, $0.001 par value; 500,000,000 shares authorized at March 31, 2026 and December 31, 2025; 54,419,986 and 54,237,750 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 54 54
Additional paid-in capital 678,655 673,410
Accumulated other comprehensive income 100 530
Accumulated deficit (374,814) (334,223)
Total stockholders' deficit 303,995 339,771
Total liabilities, redeemable convertible preferred stock and stockholders' deficit $ 318,054 $ 353,772