v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 240,095 $ 226,651
Marketable securities 528,037 90,328
Prepaid expenses and other current assets 10,726 6,692
Total current assets 778,858 323,671
Property and equipment, net 191 310
Restricted cash equivalents 997 985
Operating lease right-of-use assets 4,249 5,181
Deposits And Other Assets 2,500 2,498
Total assets 786,795 332,645
Current liabilities:    
Accounts payable 4,803 3,519
Accrued expenses 23,313 17,910
Operating lease liabilities, current portion 932 1,259
Total current liabilities 29,048 22,688
Operating lease liabilities, net of current portion 4,011 4,698
Total liabilities 33,059 27,386
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.0001 par value; 300,000,000 shares authorized; 128,544,202 and 109,884,502 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 13 11
Additional paid-in capital 1,635,525 1,056,271
Accumulated deficit (881,623) (751,427)
Accumulated other comprehensive income (179) 404
Total stockholders' equity 753,736 305,259
Total liabilities and stockholders' equity $ 786,795 $ 332,645