v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Redeemable convertible Preferred Stock
Beginning balance, Redeemable Convertible Preferred Stock (in shares) at Dec. 31, 2022           90,891
Beginning balance, Redeemable Convertible Preferred Stock at Dec. 31, 2022           $ 255,127
Ending balance, Redeemable Convertible Preferred Stock (in shares) at Sep. 30, 2023           90,891
Ending balance, Redeemable Convertible Preferred Stock at Sep. 30, 2023           $ 255,127
Beginning balance, shares outstanding (in shares) at Dec. 31, 2022   40,629        
Beginning balance at Dec. 31, 2022 $ (85,292) $ 4 $ 14,051 $ (229) $ (99,118)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon exercise of stock options and vesting of early exercised stock options (in shares)   957        
Issuance of common stock upon exercise of stock options and vesting of early exercised stock options 1,677   1,677      
Repurchase of common stock upon termination (in shares)   (207)        
Repurchase of common stock upon termination (174)   (174)      
Stock-based compensation 7,380   7,380      
Warrants contra revenue 438   438      
Unrealized gains (losses) on marketable securities (86)     (86)    
Net loss (40,582)       (40,582)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2023   41,379        
Ending balance at Sep. 30, 2023 (116,639) $ 4 23,372 (315) (139,700)  
Beginning balance, Redeemable Convertible Preferred Stock (in shares) at Jun. 30, 2023           90,891
Beginning balance, Redeemable Convertible Preferred Stock at Jun. 30, 2023           $ 255,127
Ending balance, Redeemable Convertible Preferred Stock (in shares) at Sep. 30, 2023           90,891
Ending balance, Redeemable Convertible Preferred Stock at Sep. 30, 2023           $ 255,127
Beginning balance, shares outstanding (in shares) at Jun. 30, 2023   40,562        
Beginning balance at Jun. 30, 2023 (117,262) $ 4 19,543 (233) (136,576)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon exercise of stock options and vesting of early exercised stock options (in shares)   850        
Issuance of common stock upon exercise of stock options and vesting of early exercised stock options 807   807      
Repurchase of common stock upon termination (in shares)   (33)        
Repurchase of common stock upon termination 0          
Stock-based compensation 2,711   2,711      
Warrants contra revenue 311   311      
Unrealized gains (losses) on marketable securities (82)     (82)    
Net loss (3,124)       (3,124)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2023   41,379        
Ending balance at Sep. 30, 2023 $ (116,639) $ 4 23,372 (315) (139,700)  
Beginning balance, Redeemable Convertible Preferred Stock (in shares) at Dec. 31, 2023 90,891         90,891
Beginning balance, Redeemable Convertible Preferred Stock at Dec. 31, 2023 $ 255,127         $ 255,127
Increase (Decrease) in Temporary Equity [Roll Forward]            
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering (in shares)           (90,891)
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering           $ (255,127)
Ending balance, Redeemable Convertible Preferred Stock (in shares) at Sep. 30, 2024 0         0
Ending balance, Redeemable Convertible Preferred Stock at Sep. 30, 2024 $ 0         $ 0
Beginning balance, shares outstanding (in shares) at Dec. 31, 2023 42,046 42,046        
Beginning balance at Dec. 31, 2023 $ (97,701) $ 4 27,411 259 (125,375)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering (in shares)   90,891        
Conversion of redeemable convertible preferred stock into common stock in connection with initial public offering 255,127 $ 9 255,118      
Issuance of common stock in connection with initial public offering, net of offering costs, underwriting discounts and commissions (in shares)   19,759        
Issuance of common stock in connection with initial public offering, net of offering costs, underwriting discounts and commissions $ 665,990 $ 2 665,988      
Issuance of common stock upon exercise of stock options and vesting of early exercised stock options (in shares) 2,006 2,006        
Issuance of common stock upon exercise of stock options and vesting of early exercised stock options $ 2,956   2,956      
Issuance of common stock upon vesting of restricted stock units (in shares)   4,434        
Issuance of common stock upon vesting of restricted stock units 1 $ 1        
Shares of common stock withheld related to net settlement of restricted stock units   (559)        
Shares of common stock withheld related to net settlement of equity awards (20,111)   (20,111)      
Repurchase of common stock upon termination (in shares)   (16)        
Repurchase of common stock upon termination (3)   (3)      
Stock-based compensation 186,370   186,370      
Warrants contra revenue 946   946      
Unrealized gains (losses) on marketable securities 4,171     4,171    
Net loss $ (108,134)       (108,134)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2024 158,561 158,561        
Ending balance at Sep. 30, 2024 $ 889,612 $ 16 1,118,675 4,430 (233,509)  
Ending balance, Redeemable Convertible Preferred Stock (in shares) at Sep. 30, 2024 0         0
Ending balance, Redeemable Convertible Preferred Stock at Sep. 30, 2024 $ 0         $ 0
Beginning balance, shares outstanding (in shares) at Jun. 30, 2024   156,656        
Beginning balance at Jun. 30, 2024 845,252 $ 16 1,071,504 (352) (225,916)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon exercise of stock options and vesting of early exercised stock options (in shares)   1,171        
Issuance of common stock upon exercise of stock options and vesting of early exercised stock options 1,133   1,133      
Issuance of common stock upon vesting of restricted stock units (in shares)   734        
Issuance of common stock upon vesting of restricted stock units 0          
Stock-based compensation 45,535   45,535      
Warrants contra revenue 503   503      
Unrealized gains (losses) on marketable securities 4,782     4,782    
Net loss $ (7,593)       (7,593)  
Ending balance, shares outstanding (in shares) at Sep. 30, 2024 158,561 158,561        
Ending balance at Sep. 30, 2024 $ 889,612 $ 16 $ 1,118,675 $ 4,430 $ (233,509)