v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 39,028 $ 41,722
Available-for-sale marketable securities 81,636 119,077
Accounts receivable 0 305
Prepaid expenses and other current assets 3,804 4,434
Total current assets 124,468 165,538
Property and equipment, net 9,896 12,288
Long-term investments 2,154 2,154
Operating lease right-of-use assets 31,772 35,094
Other assets 1,018 836
Restricted cash 4,393 5,193
Total assets 173,701 221,103
Current liabilities:    
Accounts payable 2,603 1,489
Accrued expenses and other current liabilities 7,596 6,719
Current portion of operating lease liabilities 6,235 6,025
Deferred revenue 11,198 8,700
Total current liabilities 27,632 22,933
Non-current portion of operating lease liabilities 31,485 34,632
Deferred revenue, non-current 0 2,989
Other non-current liabilities 2,017 1,953
Total liabilities 61,134 62,507
Commitments and contingencies (Note 8)
Stockholders' equity (deficit):    
Preferred stock: $0.0001 par value; 10,000,000 shares authorized and zero shares issued and outstanding 0 0
Common stock: $0.0001 par value; 500,000,000 shares authorized; 37,777,105 and 37,620,668 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 4 4
Additional paid-in-capital 474,096 469,202
Accumulated other comprehensive income (loss) (122) 260
Accumulated deficit (361,411) (310,870)
Total stockholders' equity 112,567 158,596
Total liabilities and stockholders' equity $ 173,701 $ 221,103