Prepaid Expenses and Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2026

Prepaid Expenses and Other Current Assets

Schedule of Prepaid Expenses and Other Current Assets

At June 30, 2026 and December 31, 2025, prepaid expenses and other current assets consist of the following (in thousands):


		As of
		June 30,				December 31,
		2026				2025
Prepaid external research and development expenses		$	8,361			$	6,509
Other receivables			1,959				2,799
Prepaid other			1,884				1,450
Prepaid software			1,851				3,905
Prepaid compensation expense			702				950
Prepaid professional services expense			259				1,276
Prepaid insurance			79				695
		$	15,095			$	17,584

Schedule of Other Long-term Assets

At June 30, 2026 and December 31, 2025, other long-term assets consist of the following (in thousands):


		As of
		June 30,				December 31,
		2026				2025
Deferred financing costs related to undrawn debt		$	1,321			$	—
Prepaid other			1,156				604
Prepaid external research and development expenses			249				2,588
Prepaid insurance			41				39
		$	2,767			$	3,231