v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (49,367) $ (94,089)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,274 2,332
Gain (Loss) on Disposition of Assets 0 (25)
Asset, Impairment Loss 0 12,150
Change in fair value of equity securities 0 (4)
Stock-based compensation expense 4,834 7,011
Change in fair value of the MSKCC success payments liability 0 (785)
Impairment Of Equity Method Investment 0 9,158
Accretion of discounts on investments in marketable securities, net (313) (745)
Non-cash lease expense 636 965
Changes in operating assets and liabilities:    
Accounts receivable (134) 194
Contract assets 403 405
Other receivables 769 (129)
Prepaid expenses and other current assets 574 811
Other assets 13 1,896
Accounts payable (2,643) 774
Accrued expenses and other current liabilities (3,390) (2,413)
Deferred revenue, current and long-term (1,855) (1,845)
Operating lease liabilities (572) (635)
Non Cash Consideration For Licensing And Collaboration Revenue 0 (9)
Net cash used in operating activities (49,771) (64,983)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales and maturities of marketable securities 85,587 122,628
Purchases of marketable securities (42,587) (47,751)
Purchases of property and equipment (73) (1,460)
Net cash provided by investing activities 42,927 73,417
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 21 6
Proceeds from issuances of common stock under ESPP 468 468
Proceeds from issuances of common stock related to ATM, net of offering expenses 20,143 0
Net cash provided by financing activities 20,632 474
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 13,788 8,908
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — BEGINNING OF PERIOD 12,406 16,339
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — END OF PERIOD 26,194 25,247
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH    
Cash and cash equivalents 26,194 25,201
Restricted cash 0 46
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH ON THE BALANCE SHEET 26,194 25,247
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchases of property and equipment included in accounts payable and accrued expenses $ 0 $ 67