10-Q Filing

REVOLUTION MEDICINES, INC. CIK: 1628171 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-025452`
Period End Date	20200331
Filing Date	20200514
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	rvmd-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 29 Cash Flow Statement 64 Stockholders Equity 26 Comprehensive Income 5

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Temporary equity, par or stated value per share	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Temporary equity, par or stated value per share	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Temporary equity, shares authorized	`TemporaryEquitySharesAuthorized`	192.90M	shares	Point-in-time
Temporary equity, shares authorized	`TemporaryEquitySharesAuthorized`	0.00	shares	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$182.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.66M	USD	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	39.60M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.76M	USD	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$165.28M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$106.10M	USD	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	39.60M	shares	Point-in-time
Temporary equity, liquidation preference	`TemporaryEquityLiquidationPreference`	$308.69M	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	$8.45M	USD	Point-in-time
Temporary equity, liquidation preference	`TemporaryEquityLiquidationPreference`	-	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	$8.74M	USD	Point-in-time
Preferred stock, par or stated value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.69M	USD	Point-in-time
Preferred stock, par or stated value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$133.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$362.09M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.15M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.78M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$8.47M	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$62.01M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$61.75M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	249.00M	shares	Point-in-time
Goodwill	`Goodwill`	$14.61M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Goodwill	`Goodwill`	$14.61M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	59.00M	shares	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$214.00K	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$214.00K	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	3.29M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$2.57M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	3.29M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	59.00M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$444.00K	USD	Point-in-time
Total assets	`Assets`	$220.53M	USD	Point-in-time
Total assets	`Assets`	$454.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.88M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$14.53M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$13.95M	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$3.29M	USD	Point-in-time
Deferred revenue, related party, current	`ContractWithCustomerLiabilityForRelatedPartyCurrent`	$16.40M	USD	Point-in-time
Deferred revenue, related party, current	`ContractWithCustomerLiabilityForRelatedPartyCurrent`	$17.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.51M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$1.74M	USD	Point-in-time
Deferred revenue, related party, noncurrent	`ContractWithCustomerLiabilityForRelatedPartyNoncurrent`	$12.42M	USD	Point-in-time
Deferred revenue, related party, noncurrent	`ContractWithCustomerLiabilityForRelatedPartyNoncurrent`	$14.73M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$7.82M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$7.10M	USD	Point-in-time
Operating lease liability, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$7.40M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$655.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$589.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$69.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$67.99M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable convertible preferred stock, $0.0001 par value; zero and 192,904,770 shares authorized at March 31, 2020 and December 31, 2019, respectively; zero and 39,600,423 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively; aggregate liquidation preference of zero and $308,688 and at March 31, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$305.11M	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 and zero shares authorized at March 31, 2020 and December 31, 2019, respectively; zero shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 and zero shares authorized at March 31, 2020 and December 31, 2019, respectively; zero shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 300,000,000 and 249,000,000 shares authorized at March 31, 2020 and December 31, 2019, respectively; 59,003,644 and 3,292,124 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$562.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.74M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$74.00K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-157.39M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-176.91M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$385.32M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-108.42M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-118.11M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-152.57M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$454.34M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$220.53M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.55M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$13.17M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$27.46M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$21.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.17M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.42M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.63M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.60M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.44M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.08M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$335.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$909.00K	USD	1 Quarter
Interest and other expense	`OtherNonoperatingExpense`	$21.00K	USD	1 Quarter
Interest and other expense	`OtherNonoperatingExpense`	$30.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$305.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$888.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.13M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.19M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-675.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.52M	USD	1 Quarter
Redeemable convertible preferred stock dividends - undeclared and cumulative	`RedeemableConvertiblePreferredStockDividendsUndeclaredAndCumulative`	$2.22M	USD	1 Quarter
Redeemable convertible preferred stock dividends - undeclared and cumulative	`RedeemableConvertiblePreferredStockDividendsUndeclaredAndCumulative`	$2.68M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-12.81M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-21.74M	USD	1 Quarter
Net loss per share attributable to common stockholders - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-4.84	USD	1 Quarter
Net loss per share attributable to common stockholders - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.74	USD	1 Quarter
Weighted-average common shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.30M	shares	1 Quarter
Weighted-average common shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.64M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-10.13M	USD	1 Quarter
Net loss	`ProfitLoss`	$-19.52M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$267.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$267.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.57M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$403.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$632.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$526.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	1 Quarter
Loss on disposal of held-for-sale assets	`GainLossOnDisposalOfHeldForSaleAssets`	$-597.00K	USD	1 Quarter
Net amortization (accretion) of premium (discount) on marketable securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$105.00K	USD	1 Quarter
Amortization of operating lease right-of-use asset	`OperatingLeaseRightOfUseAssetAmortization`	$645.00K	USD	1 Quarter
Receivable from related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$629.00K	USD	1 Quarter
Receivable from related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-287.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.20M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$29.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$197.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.08M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-391.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-963.00K	USD	1 Quarter
Deferred revenue, related party	`IncreaseDecreaseInDeferredRevenueRelatedParty`	$-3.03M	USD	1 Quarter
Deferred revenue, related party	`IncreaseDecreaseInDeferredRevenueRelatedParty`	$-3.51M	USD	1 Quarter
Deferred tax liability	`IncreaseDecreaseInDeferredIncomeTaxes`	$716.00K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredLiabilities`	$-96.00K	USD	1 Quarter
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-775.00K	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$65.00K	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-19.00K	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$260.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.02M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.61M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$100.04M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturityOfMarketableSecurities`	$40.92M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$341.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$603.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$102.00K	USD	1 Quarter
Proceeds from sale of held-for-sale assets	`ProceedsFromSaleOfHeldForSaleAssets`	$6.00M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-59.72M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.76M	USD	1 Quarter
Proceeds from issuance of common stock in initial public offering, net of issuance costs / under equity incentive plans	`ProceedsFromIssuanceOfCommonStock`	$14.00K	USD	1 Quarter
Proceeds from issuance of common stock in initial public offering, net of issuance costs / under equity incentive plans	`ProceedsFromIssuanceOfCommonStock`	$27.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$253.74M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.83M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$166.01M	USD	1 Quarter
Cash, cash equivalents and restricted cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.97M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$182.88M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$69.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.87M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$62.97M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$182.88M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$69.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$182.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.76M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$214.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$214.00K	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.97M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$182.88M	USD	Point-in-time
Vesting of early exercised options and restricted stock	`VestingOfEarlyExercisedOptionsAndRestrictedStock`	$27.00K	USD	1 Quarter
Vesting of early exercised options and restricted stock	`VestingOfEarlyExercisedOptionsAndRestrictedStock`	$47.00K	USD	1 Quarter
Purchases of property and equipment in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$37.00K	USD	1 Quarter
Purchases of property and equipment in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$238.00K	USD	1 Quarter
Unpaid offering costs	`UnpaidOfferingCosts`	$1.42M	USD	1 Quarter

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$385.32M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-108.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-118.11M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-152.57M	USD	Point-in-time
Redeemable convertible preferred stock, beginning balance, shares	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Redeemable convertible preferred stock, beginning balance, shares	`TemporaryEquitySharesOutstanding`	39.60M	shares	Point-in-time
Redeemable convertible preferred stock, beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$305.11M	USD	Point-in-time
Conversion of redeemable convertible preferred stock into common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$305.11M	USD	1 Quarter
Issuance of common stock upon initial public offering, net of offering cost of $23,003	`StockIssuedDuringPeriodValueNewIssues`	$250.70M	USD	1 Quarter
Issuance of common stock pursuant to stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$14.00K	USD	1 Quarter
Issuance of common stock pursuant to stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$27.00K	USD	1 Quarter
Issuance of common stock pursuant to stock option exercises, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	11,097.00	shares	1 Quarter
Vesting of early exercised stock options	`AdjustmentsToAdditionalPaidInCapitalVestingOfEarlyExerciseOfStockOptions`	$27.00K	USD	1 Quarter
Vesting of early exercised stock options	`AdjustmentsToAdditionalPaidInCapitalVestingOfEarlyExerciseOfStockOptions`	$47.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$403.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.57M	USD	1 Quarter
Net unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-38.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.52M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$385.32M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-108.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-118.11M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-152.57M	USD	Point-in-time
Redeemable convertible preferred stock, ending balance, shares	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Redeemable convertible preferred stock, ending balance, shares	`TemporaryEquitySharesOutstanding`	39.60M	shares	Point-in-time
Redeemable convertible preferred stock, ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$305.11M	USD	Point-in-time

Comprehensive Income 5 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.52M	USD	1 Quarter
Unrealized loss on investments, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-38.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.13M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-19.56M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.