v3.26.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net loss $ (68,873) $ (54,925)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 839 1,042
Stock-based compensation expense 11,452 7,508
Loss on disposal of property and equipment 23 153
Reduction in the carrying amount of the operating right-of-use assets 1,370 1,570
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (1,032) 1,398
Other non-current assets 63 3
Accounts payable 531 459
Accrued expenses and other current liabilities 1,536 (1,123)
Operating lease liabilities (680) (1,702)
Net cash used in operating activities (54,771) (45,617)
Cash flows from investing activities:    
Purchase of property and equipment (98) (208)
Proceeds from the sale of property and equipment 20 70
Net cash used in investing activities (78) (138)
Cash flows from financing activities:    
Proceeds from the at-the-market offering, net of offering costs 35,351 0
Proceeds from the private placement, net of offering costs 0 173,098
Proceeds from exercise of stock options 615 1,172
Payments for employee taxes related to net share settlement of equity awards (645) (17)
Repayment of finance lease obligations (287) (362)
Payment of deferred offering costs 0 (395)
Net cash provided by financing activities 35,034 173,496
Effect of exchange rate changes on cash and cash equivalents 96 (60)
Net (decrease) increase in cash and cash equivalents and restricted cash (19,719) 127,681
Cash and cash equivalents and restricted cash as of beginning of period 254,870 141,826
Cash and cash equivalents and restricted cash as of end of period 235,151 269,507
Components of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 234,666 268,435
Restricted cash 485 1,072
Total cash, cash equivalents and restricted cash 235,151 269,507
Supplemental disclosure of non-cash financing activities:    
Deferred offering costs included in accounts payable 0 50
Supplemental disclosure of cash flow information:    
Purchases of property and equipment included in accrued expenses 117 0
Right-of-use assets obtained in exchange for new operating lease liabilities 3,730 0
Deferred Offering Costs Included In Accounts Payable $ 0 $ 50