v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 68,080 $ 80,876
Marketable securities 99,502 78,018
Restricted cash 0 1,250
Prepaid expenses and other current assets 2,464 3,091
Total current assets 170,046 163,235
Property and equipment, net 1,497 1,915
Restricted cash 2,000 2,000
Other assets 3 4
Operating lease right-of-use assets 29,847 30,949
Total assets 203,393 198,103
Current liabilities:    
Accounts payable 3,207 4,266
Accrued expenses and other current liabilities 7,960 11,357
Operating lease liabilities 2,819 923
Deferred revenue 36,593 43,192
Total current liabilities 50,579 59,738
Operating lease liabilities, net of current portion 40,283 40,347
Deferred revenue, net of current portion 193,222 205,962
Other liabilities 350 556
Total liabilities 284,434 306,603
Commitments and contingencies (Note 10)
Stockholders’ deficit:    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 175,000,000 shares authorized at June 30, 2026 and December 31, 2025; 58,714,272 shares issued and outstanding at June 30, 2026 and 56,657,329 shares issued and outstanding at December 31, 2025 6 6
Additional paid-in capital 578,620 523,937
Accumulated other comprehensive gain (loss) (134) 24
Accumulated deficit (659,533) (632,467)
Total stockholders’ deficit (81,041) (108,500)
Total liabilities and stockholders’ deficit $ 203,393 $ 198,103