v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 48,599 $ 48,301
Marketable securities 412,471 457,136
Prepaid expenses and other current assets 8,806 10,015
Total current assets 469,876 515,452
Operating lease right-of-use assets 638 1,146
Other assets and long-term deposits 16,064 16,832
Total assets 486,578 533,430
Current liabilities:    
Accounts payable 1,667 9,253
Operating lease liabilities, current 660 1,124
Other current liabilities 50,687 41,425
Total current liabilities 53,014 51,802
Operating lease liabilities, net of current portion 0 69
Long-term borrowing 3,000 3,000
Total liabilities 56,014 54,871
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued and outstanding as of June 30, 2026 and December 31, 2025.
Common stock, $0.0001 par value; 490,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 87,452,166 and 81,376,449 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 8 8
Additional paid-in capital 1,145,349 1,075,487
Accumulated other comprehensive (loss) income (947) 621
Accumulated deficit (713,846) (597,557)
Total stockholders' equity 430,564 478,559
Total liabilities and stockholders' equity $ 486,578 $ 533,430