| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and cash equivalents | $182.5M+28.4% | $142.1M-62.0% | $374.0M+55.2% | $240.9M |
| Restricted cash | $1.2M | — | $1.2M+0.0% | $1.2M |
| Short-term marketable securities | $165.4M | — | $79.9M-38.9% | $130.9M |
| Prepaid expenses and other current assets | $8.0M+52.1% | $5.3M-78.3% | $24.3M+51.7% | $16.0M |
| Total current assets | $190.5M-39.3% | $314.1M-34.3% | $478.3M+23.3% | $388.0M |
| Property and equipment, net | $40K-96.5% | $1.1M-36.3% | $1.8M-25.8% | $2.4M |
| Operating lease right-of-use assets | $417K-76.5% | $1.8M-64.9% | $5.1M-38.4% | $8.2M |
| Other assets | $53K | — | — | — |
| Total assets | $191.0M-39.7% | $317.0M-36.1% | $496.2M+16.4% | $426.2M |
| Accounts payable | $3.4M+2.2% | $3.3M+881.3% | $337K-95.3% | $7.1M |
| Accrued liabilities | $28.8M+17.1% | $24.6M+15.7% | $21.3M+84.3% | $11.5M |
| Early exercise liability, current portion | $133K | — | $139K-91.5% | $1.6M |
| Operating lease liabilities, current portion | $284K-84.7% | $1.9M-45.1% | $3.4M+0.2% | $3.4M |
| Total current liabilities | $32.5M+8.6% | $29.9M+19.0% | $25.1M+6.0% | $23.7M |
| Long term debt, net | $54.5M | — | — | — |
| Operating lease liabilities, noncurrent | $193K | — | — | $5.1M |
| Early exercise liability, net of current portion | $22K | — | $155K-75.3% | $628K |
| Total liabilities | $87.2M+191.5% | $29.9M+10.3% | $27.1M-7.7% | $29.4M |
| Common stock, $0.0001 par value; 700,000 shares authorized as of December 31, 2025 and December 31, 2024; 174,260 and 161,710 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. | $17K+6.3% | $16K+0.0% | $16K+433.3% | $3K |
| Additional paid-in capital | $1.29B+4.4% | $1.23B+5.3% | $1.17B+5371.6% | $21.4M |
| Accumulated other comprehensive income | $62K | — | -$76K+90.2% | -$774K |
| Accumulated deficit | -$1.18B-25.0% | -$947.2M-34.7% | -$703.4M-50.5% | -$467.5M |
| Total stockholders' equity | $103.9M-63.8% | $287.1M-38.8% | $469.1M+205.0% | -$446.9M |
| Total liabilities and stockholders' equity | $191.0M-39.7% | $317.0M-36.1% | $496.2M+16.4% | $426.2M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.