Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 217,706	$ 653,482
Marketable securities	302,290	0
Prepaid expenses and other current assets	18,453	7,295
Total current assets	538,449	660,777
Property and equipment, net	17,359	14,636
Operating right-of-use assets	3,942	2,978
Restricted cash	210	210
Other long-term assets	5,424	4,587
Total assets	565,384	683,188
Current liabilities:
Accounts payable	5,996	3,339
Accrued expenses and other current liabilities	29,717	41,651
Total current liabilities	35,713	44,990
Operating lease liabilities, net of current portion	4,588	3,855
Total liabilities	40,301	48,845
Stockholders' equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding at June 30, 2026 and December 31, 2025
Common stock, $0.0001 par value; 300,000,000 shares authorized at June 30, 2026 and December 31, 2025; 113,399,202 and 113,133,199 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	11	11
Additional paid-in capital	1,380,535	1,362,496
Accumulated other comprehensive loss	(333)	0
Accumulated deficit	(855,130)	(728,164)
Total stockholders' equity	525,083	634,343
Total liabilities and stockholders' equity	$ 565,384	$ 683,188

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).

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

- Definition

Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other.

+ References

No definition available.