v3.26.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (47,526) $ (35,890)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 589 700
Stock-based compensation expense 7,217 4,691
Loss on disposal of property and equipment 23 60
Reduction in the carrying amount of the operating right-of-use assets 925 1,035
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (1,177) 2,151
Other non-current assets 14 8
Accounts payable 584 1,721
Accrued expenses and other current liabilities (228) (1,157)
Operating lease liabilities (285) (1,121)
Net cash used in operating activities (39,864) (27,802)
Cash flows from investing activities:    
Purchase of property and equipment (98) (27)
Proceeds from the sale of property and equipment 20 55
Net cash (used in) provided by investing activities (78) 28
Cash flows from financing activities:    
Proceeds from the at-the-market offering, net of offering costs 13,075 0
Proceeds from the private placement, net of offering costs 0 173,098
Proceeds from exercise of stock options 144 1,166
Payments for employee taxes related to net share settlement of equity awards (489) (17)
Repayment of finance lease obligations (201) (239)
Payment of Deferred Offering Costs (55)
Net cash provided by financing activities 12,529 173,953
Effect of exchange rate changes on cash and cash equivalents 96 (37)
Net (decrease) increase in cash and cash equivalents and restricted cash (27,317) 146,142
Cash and cash equivalents and restricted cash as of beginning of period 254,870 141,826
Cash and cash equivalents and restricted cash as of end of period 227,553 287,968
Components of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 227,068 287,381
Restricted cash 485 587
Total cash, cash equivalents and restricted cash 227,553 287,968
Supplemental disclosure of cash flow information:    
Purchases of property and equipment included in accounts payable 0 107
Right-of-use assets obtained in exchange for new operating lease liabilities 3,730 0
Private placement costs included in accrued expenses and other current liabilities $ 0 $ 86