v3.25.2
Discontinued Operations (Tables)
 3 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations The following table summarizes the condensed operating results of the discontinued operations for the three months ended June 30, 2024:
Three Months Ended June 30,
2024
(in thousands)
Operating expenses:
Research and development (includes related party expenses of $571)(1)
$14,443 
Total operating expenses$14,443 
Net loss from discontinued operations(2)
$(14,443)
(1)See Note 13, “Stock-Based Compensation,” for details on total stock-based compensation related to discontinued operations.
(2)Pre-tax net loss from discontinued operations equals net loss from discontinued operations as there was no provision for (benefit from) income tax related to discontinued operations for the three months ended June 30, 2024.
The following table summarizes the condensed cash flow information of the discontinued operations for the three months ended June 30, 2024:
Three Months Ended June 30,
2024
(in thousands)
Discontinued operations:
Net cash used in operating activities (includes a related party amount of $(3,238))
$(19,412)
Net cash used in investing activities(8)
Net decrease in cash and cash equivalents from discontinued operations$(19,420)