v3.26.1
Condensed Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (78,047,000) $ (86,716,000)
Adjustments to reconcile net loss to net cash used in operations:    
Stock-based compensation 6,678,000 4,679,000
Accretion of discounts on available-for-sale marketable securities (920,000) (3,953,000)
Non-cash interest expense 231,000 0
Depreciation and amortization expense 785,000 1,016,000
Impairment of capitalized software 0 648,000
Gain on sale of property and equipment (47,000) 0
Non-cash lease expense 963,000 1,419,000
Changes in assets and liabilities:    
Prepaid expense and other current assets (526,000) 1,972,000
Other non-current assets 1,541,000 (505,000)
Accounts payable (2,373,000) 5,193,000
Accrued compensation (4,509,000) 88,000
Other accrued expenses and current liabilities (4,443,000) 1,016,000
Operating lease liability (1,236,000) (1,721,000)
Net cash used in operating activities (81,903,000) (76,864,000)
Cash flows from investing activities    
Purchases of available-for-sale marketable securities (147,823,000) (175,851,000)
Proceeds from maturities of available-for-sale marketable securities 134,300,000 210,800,000
Internal-use software development costs (255,000) (200,000)
Purchases of property and equipment (293,000) (4,000)
Net cash (used in) provided by investing activities (14,071,000) 34,745,000
Cash flows from financing activities    
Proceeds from issuance of common stock under the ATM Facility, net of agent's fees 2,487,000 0
Proceeds from exercise of common stock options 1,896,000 3,000
Principal paid on finance lease liabilities (181,000) (603,000)
Payments for offering costs (138,000) (412,000)
Taxes paid related to net share settlement upon vesting of restricted stock units (377,000) (51,000)
Net cash provided by (used in) financing activities 3,687,000 (1,063,000)
Net decrease in cash, cash equivalents and restricted cash (92,287,000) (43,182,000)
Cash, cash equivalents and restricted cash, at beginning of period 124,644,000 97,173,000
Cash, cash equivalents and restricted cash, at end of period 32,357,000 53,991,000
Reconciliation of cash, cash equivalents and restricted cash to statement of financial position    
Cash and cash equivalents 31,806,000 53,440,000
Restricted cash 551,000 551,000
Cash, cash equivalents and restricted cash at end of period 32,357,000 53,991,000
Supplemental disclosure for non-cash investing and financing activities    
Internal-use software development costs in accounts payable 0 100,000
Unpaid offering costs included in other current liabilities 83,000 0
Receivable from sale of property and equipment included in prepaid expenses and other current assets 50,000 0
Unsettled trade related to sales of common stock under ATM Facility 1,096,000 0
Right-of-use asset obtained in exchange for operating lease liability 5,243,000 0
Supplemental disclosure of cash flow information    
Cash paid for interest $ 1,141,000 $ 37,000