Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 165,896	$ 35,021
Short-term marketable securities	74,232	78,103
Prepaid expenses and other current assets	3,860	3,280
Total current assets	243,988	116,404
Long term marketable securities	17,436	0
Operating lease right-of-use assets	1,951	78
Other assets	55	0
Total assets	263,430	116,482
Current liabilities:
Accounts payable	1,131	1,309
Accrued expenses and other current liabilities	4,204	3,714
Operating lease liabilities	84	78
Total current liabilities	5,419	5,101
Operating lease liabilities, long-term	1,856	0
Liabilities, Total	7,275	5,101
Stockholders' equity:
Undesignated preferred stock, $0.0001 per share: 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2026 and December 31, 2025	0	0
Additional paid-in capital	627,178	457,607
Accumulated deficit	(370,952)	(346,349)
Accumulated other comprehensive (loss) income	(77)	120
Total stockholders' equity	256,155	111,381
Total liabilities and stockholders' equity	263,430	116,482
Series A Common Stock
Stockholders' equity:
Common stock	6	3
Series B Common Stock
Stockholders' equity:
Common stock	$ 0	$ 0

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).