v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 29,812 $ 33,180
Short-term investments 99,837 202,522
Prepaid expenses and other current assets 12,470 5,914
Total current assets 142,119 241,616
Property and equipment, net 716 100
In-process R&D 11,249 11,636
Other non-current assets 1,849 84
Total assets 155,933 253,436
Current liabilities:    
Accounts payable 4,442 5,757
Accrued expenses and other current liabilities 12,188 14,639
Total current liabilities 16,630 20,396
Long-term liabilities:    
Long-term debt 30,242 29,907
Other long-term liabilities 1,211 0
Total liabilities 48,083 50,303
Commitments and Contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.001 par value, 600,000,000 authorized as of September 30, 2026 and 300,000,000 authorized as of December 31, 2025; 205,536,152 and 204,567,283 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 204 204
Additional paid-in capital 837,031 811,103
Accumulated other comprehensive loss (797) (87)
Accumulated deficit (728,588) (608,087)
Total stockholders’ equity 107,850 203,133
Total liabilities and stockholders’ equity $ 155,933 $ 253,436