v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (20,244) $ (28,214)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 1,342 1,680
Noncash lease expense 743 845
Stock-based compensation expense 1,303 3,180
Net amortization of premiums and accretion discounts on investments (790) (1,208)
Amortization of deferred transaction costs 0 15
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (85) 762
Other non-current assets 3 100
Accounts payable (1,800) 629
Operating lease liability (817) (989)
Accrued and other current and non-current liabilities (1,145) (2,197)
Net cash used in operating activities (21,490) (25,397)
Cash flows from investing activities    
Purchases of short-term treasury securities (20,084) (34,369)
Maturities of short term treasury securities 39,000 33,000
Purchases of property and equipment (37) (1,492)
Net cash provided by (used in) investing activities 18,879 (2,861)
Cash flows from financing activities    
Taxes withheld and paid related to net share settlement of equity awards (65) (104)
Net cash used in financing activities (65) (104)
Net change in cash, cash equivalents and restricted cash (2,676) (28,362)
Cash, cash equivalents and restricted cash at the beginning of period 41,790 59,398
Cash, cash equivalents and restricted cash at the end of period 39,114 31,036
Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets:    
Cash and cash equivalents 36,245 28,133
Restricted cash 2,869 2,903
Cash, cash equivalents and restricted cash in consolidated balance sheets 39,114 31,036
Supplemental disclosures of noncash investing and financing activities    
Purchases of property and equipment included in accounts payable and accrued expenses 164 224
Remeasurement of finance lease resulting in a reduction of ROU asset $ 25 $ 0