v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 181,172 $ 312,012
Short-term marketable securities 611,128 588,753
Prepaid expenses and other current assets 12,520 9,590
Total current assets 804,820 910,355
Operating lease, right-of-use assets 22,596 18,078
Property and equipment, net 4,775 5,457
Restricted cash 416 416
Other assets 1,939 3,301
Total assets 834,546 937,607
Current liabilities:    
Accounts payable 7,488 9,504
Accrued expenses and other current liabilities 50,319 52,902
Operating lease liabilities 1,489 1,547
Total current liabilities 59,296 63,953
Convertible senior notes, net 223,457 222,895
Operating lease liabilities, net of current portion 19,315 14,355
Other liabilities 90 33
Total liabilities 302,158 301,236
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, value
Common stock, $0.001 par value; 300,000,000 shares authorized; 171,598,409 and 160,980,024 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 171 161
Additional paid-in capital 1,850,411 1,734,882
Accumulated other comprehensive income (loss) (770) 355
Accumulated deficit (1,382,177) (1,188,420)
Total stockholders’ equity 532,388 636,371
Total liabilities and stockholders’ equity 834,546 937,607
Series A Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 29,190 53,830
Series B Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value $ 35,563 $ 35,563