v3.25.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Summary of Outstanding Potential Common Shares Excluded in Computation of Diluted Net Loss Per Share The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding, as the effect of including these securities would have been anti-dilutive:
 
    
As of June 30,
 
    
2025
    
2024
 
Share options to purchase ordinary shares
     158,575,852        141,325,852  
Redeemable convertible preferred stock (as converted to ordinary shares)
     709,097,700        709,097,700  
Contingently issuable ordinary shares pursuant to Hutchmed share subscription agreement
     —         140,636,592  
  
 
 
    
 
 
 
Total potentially dilutive securities
     867,673,552        991,060,144  
  
 
 
    
 
 
 
The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding, as the effect of including these securities would have been anti-dilutive:
 
    
As of December 31,
 
    
2024
    
2023
 
Share options to purchase ordinary shares
     159,003,977        153,789,602  
Redeemable convertible preferred shares (as converted to ordinary shares)
     709,097,700        709,097,700  
 
 
 
 
 
 
 
 
 
Total potentially dilutive securities
     868,101,677        862,887,302  
 
 
 
 
 
 
 
 
 
Summary of the Company records its property and equipment at cost  
The Company records its property and equipment at cost, net of accumulated depreciation and amortization. Depreciation and amortization expense is recognized using the straight-line method over the estimated useful life of each asset, as follows:
 
    
Estimated useful life
Lab equipment
   5 years
Furniture and fixtures
   5 years
Computer equipment
   3 years
Leasehold improvements
   Shorter of the estimated useful life or the life of the lease
IKENA ONCOLOGY INC    
Summary of Outstanding Potential Common Shares Excluded in Computation of Diluted Net Loss Per Share
The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:
 
    
June 30,
 
    
2025
    
2024
 
Options to purchase common stock
     527,737        687,826  
  
 
 
    
 
 
 
Total
     527,737        687,826  
  
 
 
    
 
 
 
The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:
 
    
December 31,
 
    
2024
    
2023
 
Options to purchase common stock
     639,837        590,688  
  
 
 
    
 
 
 
Total
     639,837        590,688