| Metric | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and cash equivalents | $52.6M-7.3% | $56.8M-19.0% | $70.2M |
| Short-term investments | $437.9M+76.2% | $248.5M+221.4% | $77.3M |
| Restricted cash | $105K+0.0% | $105K+23.5% | $85K |
| Prepaid expenses and other current assets | $7.9M+79.2% | $4.4M+33.5% | $3.3M |
| Total current assets | $498.6M+60.9% | $309.8M+105.3% | $150.9M |
| Property and equipment, net | $3.0M-15.7% | $3.5M+84.2% | $1.9M |
| Operating lease right of use asset, net | $9.9M+587.2% | $1.4M-30.8% | $2.1M |
| Other assets | $985K+515.6% | $160K-71.0% | $551K |
| Total assets | $512.4M+62.7% | $314.9M+102.6% | $155.4M |
| Accounts payable | $4.2M+114.4% | $2.0M-21.9% | $2.5M |
| Accrued expenses and other current liabilities | $12.1M+99.2% | $6.1M+7.9% | $5.6M |
| Operating lease liability | $2.8M+273.8% | $737K+10.0% | $670K |
| Total current liabilities | $19.0M+117.3% | $8.8M-0.4% | $8.8M |
| Operating lease liability, net of current portion | $8.7M+1081.2% | $739K-49.9% | $1.5M |
| Total liabilities | $27.8M+192.2% | $9.5M-34.3% | $14.5M |
| Undesignated preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2025 and December 31, 2024, respectively; zero shares issued and outstanding at December 31, 2025 and December 31, 2024 | $0 | $0 | — |
| Common stock, $0.001 par value; 500,000,000 shares authorized at December 31, 2025 and December 31, 2024; 47,772,567 shares and 36,580,202 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $48K+29.7% | $37K+825.0% | $4K |
| Additional paid-in capital | $719.3M+67.4% | $429.7M+2070.4% | $19.8M |
| Accumulated other comprehensive income (loss) | $546K+204.6% | -$522K-13150.0% | $4K |
| Accumulated deficit | -$235.2M-90.1% | -$123.7M-172.3% | -$45.4M |
| Total stockholders' equity | $484.7M+58.7% | $305.4M+1291.5% | -$25.6M |
| Total liabilities and stockholders' equity | $512.4M+62.7% | $314.9M+102.6% | $155.4M |
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.