v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 49,326 $ 226,651
Marketable securities 201,434 90,328
Prepaid expenses and other current assets 5,578 6,692
Total current assets 256,338 323,671
Property and equipment, net 199 310
Restricted cash equivalents 986 985
Operating lease right-of-use assets 4,541 5,181
Deposits And Other Assets 2,500 2,498
Total assets 264,564 332,645
Current liabilities:    
Accounts payable 5,533 3,519
Accrued expenses 14,609 17,910
Operating lease liabilities, current portion 1,008 1,259
Total current liabilities 21,150 22,688
Operating lease liabilities, net of current portion 4,247 4,698
Total liabilities 25,397 27,386
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.0001 par value; 300,000,000 shares authorized; 111,368,283 and 109,884,502 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 11 11
Additional paid-in capital 1,075,271 1,056,271
Accumulated deficit (836,134) (751,427)
Accumulated other comprehensive income 19 404
Total stockholders' equity 239,167 305,259
Total liabilities and stockholders' equity $ 264,564 $ 332,645