10-Q Filing

REVOLUTION MEDICINES, INC. CIK: 1628171 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-038663`
Period End Date	20200630
Filing Date	20200810
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	rvmd-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 59 Cash Flow Statement 74 Stockholders Equity 44 Comprehensive Income 15

Balance Sheet 89 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`	0.00	shares	Point-in-time
Temporary equity, shares authorized	`TemporaryEquitySharesAuthorized`	192.90M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.98M	USD	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Temporary equity, shares issued	`TemporaryEquitySharesIssued`	39.60M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.47M	USD	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$301.47M	USD	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	39.60M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$106.10M	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	$7.33M	USD	Point-in-time
Receivable from related party	`DueFromRelatedPartiesCurrent`	$8.74M	USD	Point-in-time
Temporary equity, liquidation preference	`TemporaryEquityLiquidationPreference`	$308.69M	USD	Point-in-time
Temporary equity, liquidation preference	`TemporaryEquityLiquidationPreference`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.61M	USD	Point-in-time
Preferred stock, par or stated value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$133.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$340.38M	USD	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.10M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$28.89M	USD	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
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$61.48M	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
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	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 authorized	`CommonStockSharesAuthorized`	249.00M	shares	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$214.00K	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$1.08M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	3.29M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	59.02M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$411.00K	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	59.02M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	3.29M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$2.57M	USD	Point-in-time
Total assets	`Assets`	$453.96M	USD	Point-in-time
Total assets	`Assets`	$220.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.17M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$14.53M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$15.36M	USD	Point-in-time
Operating lease liability, current	`OperatingLeaseLiabilityCurrent`	$3.62M	USD	Point-in-time
Deferred revenue, related party, current	`ContractWithCustomerLiabilityForRelatedPartyCurrent`	$14.58M	USD	Point-in-time
Deferred revenue, related party, current	`ContractWithCustomerLiabilityForRelatedPartyCurrent`	$17.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.05M	USD	Point-in-time
Deferred rent, noncurrent	`DeferredRentCreditNoncurrent`	$1.74M	USD	Point-in-time
Deferred revenue, related party, noncurrent	`ContractWithCustomerLiabilityForRelatedPartyNoncurrent`	$14.73M	USD	Point-in-time
Deferred revenue, related party, noncurrent	`ContractWithCustomerLiabilityForRelatedPartyNoncurrent`	$11.61M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$7.82M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$7.08M	USD	Point-in-time
Operating lease liability, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$30.34M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$691.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$655.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$67.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$93.46M	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 June 30, 2020 and December 31, 2019, respectively; zero and 39,600,423 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively; aggregate liquidation preference of zero and $308,688 and at June 30, 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 June 30, 2020 and December 31, 2019, respectively; zero shares issued and outstanding at June 30, 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 June 30, 2020 and December 31, 2019, respectively; zero shares issued and outstanding at June 30, 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 June 30, 2020 and December 31, 2019, respectively; 59,015,868 and 3,292,124 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$564.32M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$74.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$291.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-157.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-204.12M	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 stockholders' equity (deficit)	`StockholdersEquity`	$-108.42M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-127.70M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$385.32M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$360.50M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$220.53M	USD	Point-in-time
Total liabilities, redeemable convertible preferred stock and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$453.96M	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$25.45M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$21.57M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.28M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.03M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.12M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$60.38M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$32.92M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$41.30M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.14M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.26M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.73M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$70.64M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$22.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$46.44M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$38.01M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-27.98M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.00M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-10.56M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-49.07M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$730.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.64M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$805.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$470.00K	USD	1 Quarter
Interest and other expense	`OtherNonoperatingExpense`	$40.00K	USD	2 Qtrs
Interest and other expense	`OtherNonoperatingExpense`	$28.00K	USD	1 Quarter
Interest and other expense	`OtherNonoperatingExpense`	$58.00K	USD	2 Qtrs
Interest and other expense	`OtherNonoperatingExpense`	$19.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$747.00K	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$442.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$711.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$1.60M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.27M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-47.47M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.25M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.12M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-58.00K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-733.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-19.52M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.12M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-27.21M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-46.73M	USD	2 Qtrs
Redeemable convertible preferred stock dividends - undeclared and cumulative	`RedeemableConvertiblePreferredStockDividendsUndeclaredAndCumulative`	$3.06M	USD	1 Quarter
Redeemable convertible preferred stock dividends - undeclared and cumulative	`RedeemableConvertiblePreferredStockDividendsUndeclaredAndCumulative`	$5.74M	USD	2 Qtrs
Redeemable convertible preferred stock dividends - undeclared and cumulative	`RedeemableConvertiblePreferredStockDividendsUndeclaredAndCumulative`	$2.22M	USD	2 Qtrs
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.18M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-25.99M	USD	2 Qtrs
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-48.95M	USD	2 Qtrs
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-27.21M	USD	1 Quarter
Net loss per share attributable to common stockholders - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.11	USD	2 Qtrs
Net loss per share attributable to common stockholders - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-9.69	USD	2 Qtrs
Net loss per share attributable to common stockholders - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.46	USD	1 Quarter
Net loss per share attributable to common stockholders - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-4.85	USD	1 Quarter
Weighted-average common shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.72M	shares	1 Quarter
Weighted-average common shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	44.03M	shares	2 Qtrs
Weighted-average common shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.68M	shares	2 Qtrs
Weighted-average common shares used to compute net loss per share, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	58.75M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-20.25M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-46.73M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$534.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$300.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$300.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$534.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.58M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$909.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.07M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.27M	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-55.00K	USD	2 Qtrs
Loss on disposal of held-for-sale assets	`GainLossOnDisposalOfHeldForSaleAssets`	$-597.00K	USD	2 Qtrs
Net amortization (accretion) of premium (discount) on marketable securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$88.00K	USD	2 Qtrs
Net amortization (accretion) of premium (discount) on marketable securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$18.00K	USD	2 Qtrs
Amortization of operating lease right-of-use asset	`OperatingLeaseRightOfUseAssetAmortization`	$1.41M	USD	2 Qtrs
Receivable from related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$-1.41M	USD	2 Qtrs
Receivable from related party	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$1.58M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-22.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.54M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.50M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-941.00K	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.29M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-53.00K	USD	2 Qtrs
Deferred revenue, related party	`IncreaseDecreaseInDeferredRevenueRelatedParty`	$-6.74M	USD	2 Qtrs
Deferred revenue, related party	`IncreaseDecreaseInDeferredRevenueRelatedParty`	$-5.66M	USD	2 Qtrs
Deferred tax liability	`IncreaseDecreaseInDeferredIncomeTaxes`	$734.00K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInDeferredLiabilities`	$-232.00K	USD	2 Qtrs
Operating lease liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.27M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-274.00K	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$65.00K	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$127.00K	USD	2 Qtrs
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$216.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.01M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.11M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$305.20M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$55.41M	USD	2 Qtrs
Maturities of marketable securities	`ProceedsFromMaturityOfMarketableSecurities`	$107.06M	USD	2 Qtrs
Sales of marketable securities	`ProceedsFromSaleOfMarketableSecurities`	$3.00M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.08M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$972.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$187.00K	USD	2 Qtrs
Proceeds from sale of held-for-sale assets	`ProceedsFromSaleOfHeldForSaleAssets`	$6.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-196.21M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.19M	USD	2 Qtrs
Proceeds from issuance of common stock in initial public offering, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$252.30M	USD	2 Qtrs
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock`	$90.17M	USD	2 Qtrs
Proceeds from issuance of common stock under equity incentive plans	`ProceedsFromStockPlans`	$15.00K	USD	2 Qtrs
Proceeds from issuance of common stock under equity incentive plans	`ProceedsFromStockPlans`	$113.00K	USD	2 Qtrs
Repurchases of early exercised stock	`PaymentsForRepurchaseOfCommonStock`	$5.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$252.41M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.19M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$15.89M	USD	2 Qtrs
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.19M	USD	2 Qtrs
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`	$85.69M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.06M	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`	$69.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$85.69M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.06M	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`	$23.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.47M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$214.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.08M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.69M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.06M	USD	Point-in-time
Vesting of early exercised options and restricted stock	`VestingOfEarlyExercisedOptionsAndRestrictedStock`	$91.00K	USD	2 Qtrs
Vesting of early exercised options and restricted stock	`VestingOfEarlyExercisedOptionsAndRestrictedStock`	$62.00K	USD	2 Qtrs
Purchases of property and equipment in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$910.00K	USD	2 Qtrs
Purchases of property and equipment in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$530.00K	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$21.19M	USD	2 Qtrs
Unpaid deferred offering costs	`UnpaidDeferredOfferingCosts`	$241.00K	USD	2 Qtrs

Stockholders Equity 44 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-118.11M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-152.57M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-108.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-127.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$385.32M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$360.50M	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`	$1.00K	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	`StockIssuedDuringPeriodValueStockOptionsExercised`	$86.00K	USD	1 Quarter
Issuance of common stock pursuant to stock option exercises, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	32,675.00	shares	2 Qtrs
Vesting of early exercised stock options	`AdjustmentsToAdditionalPaidInCapitalVestingOfEarlyExerciseOfStockOptions`	$27.00K	USD	1 Quarter
Vesting of early exercised stock options	`AdjustmentsToAdditionalPaidInCapitalVestingOfEarlyExerciseOfStockOptions`	$47.00K	USD	1 Quarter
Vesting of early exercised stock options and restricted stock	`AdjustmentsToAdditionalPaidInCapitalVestingOfEarlyExerciseOfStockOptionsAndRestrictedStock`	$39.00K	USD	1 Quarter
Vesting of early exercised stock options and restricted stock	`AdjustmentsToAdditionalPaidInCapitalVestingOfEarlyExerciseOfStockOptionsAndRestrictedStock`	$35.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$506.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.02M	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 gains (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-38.00K	USD	1 Quarter
Net unrealized gains (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$217.00K	USD	2 Qtrs
Net unrealized gains (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.00K	USD	1 Quarter
Net unrealized gains (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$255.00K	USD	1 Quarter
Net unrealized gains (loss) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-19.52M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.12M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-27.21M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-46.73M	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$-118.11M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-152.57M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-108.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-127.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$385.32M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$360.50M	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 15 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-19.52M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.12M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-27.21M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-20.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-46.73M	USD	2 Qtrs
Unrealized gain (loss) on investments, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-38.00K	USD	1 Quarter
Unrealized gain (loss) on investments, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$217.00K	USD	2 Qtrs
Unrealized gain (loss) on investments, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.00K	USD	1 Quarter
Unrealized gain (loss) on investments, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$255.00K	USD	1 Quarter
Unrealized gain (loss) on investments, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.00K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.13M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-26.96M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-46.52M	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-20.27M	USD	2 Qtrs

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