v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 78,610 $ 74,603
Marketable securities, current 175,053 173,934
Accounts receivable 1,334 2,401
Prepaid expenses and other current assets 7,905 7,172
Total current assets 262,902 258,110
Marketable securities, non-current 46,786 48,563
Property and equipment, net 4,149 4,744
Right-of-use asset 37,637 40,532
Restricted cash 3,443 3,443
Other assets 4,487 3,683
Total assets 359,404 359,075
Current liabilities:    
Accounts payable 1,121 858
Accrued expenses and other current liabilities 13,785 13,314
Deferred revenue, current 26,661 12,493
Operating lease liability, current 6,680 6,367
Total current liabilities 48,247 33,032
Deferred revenue, net of current 13,714 15,841
Operating lease liability, net of current 50,178 53,615
Total liabilities 112,139 102,488
Commitments and contingencies (see Note 12)
Stockholders’ equity:    
Preferred stock, par value of $0.0001 per share; 10,000,000 shares authorized, and no shares issued or outstanding as of June 30, 2026 and December 31, 2025, respectively 0 0
Common stock, par value of $0.0001 per share; 300,000,000 shares authorized as of June 30, 2026, and December 31, 2025, respectively, and 122,905,756 and 96,914,418 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 12 9
Additional paid-in capital 1,035,154 995,221
Accumulated other comprehensive income (444) 50
Accumulated deficit (787,457) (738,693)
Total stockholders’ equity 247,265 256,587
Total liabilities and stockholders’ equity $ 359,404 $ 359,075
Common stock, shares authorized (in shares) 300,000,000 300,000,000