v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 41,417 $ 41,499
Short-term investments 48,542 77,083
Prepaid expenses and other current assets 1,534 1,863
Total current assets 91,493 120,445
Property and equipment, net 4,248 4,889
Operating lease right-of-use assets 1,977 2,527
Restricted cash 195 203
Other assets 1,179 1,653
Total assets 99,092 129,717
Current liabilities:    
Accounts payable 861 2,277
Accrued expenses and other current liabilities 9,451 12,215
Operating lease liabilities, current 1,135 1,172
Total current liabilities 11,447 15,664
Operating lease liabilities, non-current 980 1,537
Total liabilities 12,427 17,201
Commitments and contingencies (Note 12)
Stockholders’ deficit:    
Common stock, $0.001 par value; 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 42,847,215 and 31,648,856 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 42 31
Additional paid-in capital 398,543 387,255
Accumulated other comprehensive (loss) income (33) 111
Accumulated deficit (311,887) (274,881)
Total stockholders' equity 86,665 112,516
Total liabilities and stockholders' equity $ 99,092 $ 129,717