v3.26.1
Condensed consolidated balance sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 110,004 $ 84,220
Marketable securities - current 182,814 200,450
Accounts receivable 7,179 5,936
Prepaid expenses 14,688 8,736
Interest receivable 1,540 1,969
Other current assets 6,313 4,389
Total current assets 322,538 305,700
Marketable securities - long-term 61,502 106,260
Restricted cash - long-term 3,227 227
Operating right-of-use assets 1,870 3,101
Property and equipment, net 4,829 3,146
Total assets 393,966 418,434
Current liabilities:    
Accounts payable 4,794 4,939
Accrued and other current liabilities 28,613 41,035
Deferred revenue - current portion 8,523 11,901
Total current liabilities 41,930 57,875
Deferred revenue - net of current portion 5,652 6,961
Other long-term liabilities 837 1,141
Total long-term liabilities 6,489 8,102
Total liabilities 48,419 65,977
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, par value of $0.0001 per share; 300,000,000 shares authorized, 62,402,595 and 58,921,999 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 6 5
Additional paid-in capital 955,419 849,624
Accumulated other comprehensive (loss) income (542) 543
Accumulated deficit (609,336) (497,715)
Total stockholders’ equity 345,547 352,457
Total liabilities and stockholders’ equity $ 393,966 $ 418,434