Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 202,643	$ 189,247
Marketable securities, current	208,444	152,670
Prepaid expenses and other current assets	9,336	7,800
Total current assets	420,423	349,717
Property and equipment, net	4,391	5,044
Restricted cash	1,088	1,088
Marketable securities, non-current	83,821	18,114
Operating lease right-of-use asset	18,442	20,116
Other assets	3,460	3,048
Total assets	531,625	397,127
Current liabilities:
Accounts payable	2,212	1,794
Accrued expenses and other current liabilities	15,866	15,967
Operating lease liabilities, current	4,883	4,795
Total current liabilities	22,961	22,556
Operating lease liabilities, net of current portion	16,580	18,511
Term loan, non-current	38,960
Other liabilities, non-current		1,094
Total liabilities	78,501	42,161
Commitments and contingencies (Note 9)
Stockholders' equity (deficit):
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued and outstanding as of June 30, 2026 and December 31, 2025	0	0
Common stock, $0.001 par value; 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 55,504,574 and 49,335,551 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; 10,372 shares subject to repurchase as of June 30, 2026 and December 31, 2025	56	49
Additional paid-in-capital	1,011,985	844,354
Accumulated other comprehensive (loss) income	(435)	110
Accumulated deficit	(558,482)	(489,547)
Total stockholders' equity	453,124	354,966
Total liabilities and stockholders' equity	$ 531,625	$ 397,127

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.