v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 67,836 $ 59,515
Marketable securities 256,004 84,726
Prepaid expenses and other current assets 5,188 5,498
Total current assets 329,028 149,739
Restricted cash and deposits 768 768
Right-of-use assets - operating lease 14,993 15,828
Other long-term assets 1,139 471
Property and equipment, net 2,201 2,624
Total Assets 348,129 169,430
Current liabilities:    
Accounts payable 2,254 1,549
Short-term operating lease liability 3,292 3,243
Accrued expenses and other current liabilities 14,014 13,591
Total current liabilities 19,560 18,383
Long-term operating lease liability 13,302 14,134
Total Liabilities 32,862 32,517
Commitments and Contingencies (Note 12)
Stockholders' Equity:    
Common stock, $0.00001 par value, 150,000,000 authorized at June 30, 2026 and December 31, 2025, and 103,480,053 and 63,587,777 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1
Additional paid-in capital 914,769 617,433
Treasury stock, at cost, 6,922,870 shares held at June 30, 2026 and no shares held at December 31, 2025 (39,093) 0
Accumulated deficit (559,740) (480,418)
Accumulated other comprehensive loss (670) (102)
Total Stockholders' Equity 315,267 136,913
Total Liabilities and Stockholders' Equity $ 348,129 $ 169,430