v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 73,964 $ 188,888
Marketable securities, current 244,781 92,210
Accounts receivable 625 769
Prepaid expenses and other current assets 10,942 4,926
Total current assets 330,312 286,793
Investments 100 100
Marketable securities 62,518 4,032
Property and equipment, net 1,209 963
Operating lease right-of-use assets 2,582 2,785
Other assets 208 216
Total assets 396,929 294,889
Current Liabilities:    
Accounts payable 5,653 2,674
Accrued expenses and other current liabilities 8,487 8,480
Current portion of term loan 0 2,648
Operating lease liabilities, current 714 582
Deferred revenue 4,363 5,754
Total current liabilities 19,217 20,138
Warrant liability 678 370
Operating lease liabilities 2,121 2,330
Total liabilities 22,016 22,838
Commitments and Contingencies (Note 7)
Stockholders' Equity    
Preferred stock, $0.00001 par value; 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued or outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.00001 par value; 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 45,776,902 and 37,386,908 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in-capital 757,157 605,189
Accumulated other comprehensive income (loss) (478) 278
Accumulated deficit (381,766) (333,416)
Total stockholders' equity 374,913 272,051
Total liabilities and stockholders' equity $ 396,929 $ 294,889