v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Collaboration Revenue $ 11,476 $ 25,650 $ 33,576 $ 35,937
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Operating expenses:        
Research and development $ 78,388 $ 59,202 $ 158,643 $ 108,021
General and administrative [1] 17,645 17,373 33,916 31,747
Impairment of long-lived assets 0 0 0 4,925
Total operating expenses 96,033 76,575 192,559 144,693
Loss from operations (84,557) (50,925) (158,983) (108,756)
Other income (expense):        
Interest and other Income 8,051 8,924 16,968 18,268
Interest and other expense (108) (61) (180) (131)
Total other income: 7,943 8,863 16,788 18,137
Net loss (76,614) (42,062) (142,195) (90,619)
Other comprehensive loss:        
Unrealized gain (loss) on marketable securities 337 (322) 1,764 (1,547)
Total comprehensive loss (76,277) (42,384) (140,431) (92,166)
Net loss $ (76,614) $ (42,062) $ (142,195) $ (90,619)
Net loss per share, basic $ (0.95) $ (0.58) $ (1.77) $ (1.26)
Net loss per share, diluted $ (0.95) $ (0.58) $ (1.77) $ (1.26)
Weighted average common shares outstanding, basic 80,449,405 73,059,398 80,298,940 71,908,963
Weighted average common shares outstanding, diluted 80,449,405 73,059,398 80,298,940 71,908,963
[1] General and administrative expense for the three months ended June 30, 2025 and 2024 is inclusive of $7.4 million and $7.1 million of stock-based compensation expense, respectively. General and administrative expense for the six months ended June 30, 2025 and 2024 is inclusive of $14.1 million and $13.0 million of stock-based compensation expense, respectively.