v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 63,322 $ 58,451
Marketable securities, current 147,709 177,431
Prepaid expenses and other current assets 5,099 5,537
Total current assets 216,130 241,419
Property and equipment, net 1,916 2,225
Marketable securities, noncurrent 57,222 74,420
Restricted cash 963 963
Operating lease right-of-use asset 6,424 6,926
Other assets 594 0
Total assets 283,249 325,953
Current liabilities:    
Accounts payable 523 769
Accrued expenses 8,875 9,668
Operating lease liability, current 1,377 1,269
Other current liabilities 7 6
Total current liabilities 10,782 11,712
Operating lease liability, noncurrent 6,692 7,408
Total liabilities 17,474 19,120
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; no shares issued or outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value, 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 45,164,239 and 44,723,585 shares issued, 45,164,239 and 44,723,585 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 45 45
Additional paid-in capital 579,197 562,602
Accumulated other comprehensive (loss) income (448) 540
Accumulated deficit (313,019) (256,354)
Total stockholders’ equity 265,775 306,833
Total liabilities and stockholders’ equity $ 283,249 $ 325,953