Equity-Based Compensation - Expense (Details) |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
employee
|
Dec. 31, 2024
USD ($)
|
|
| Equity-based compensation | ||
| Equity-based compensation expense | $ 75,600,000 | $ 36,628,000 |
| Number of employees | employee | 5 | |
| Modification of equity awards expense | $ 13,500,000 | 0 |
| Research and development expense | ||
| Equity-based compensation | ||
| Equity-based compensation expense | 20,676,000 | 16,002,000 |
| General and administrative expense | ||
| Equity-based compensation | ||
| Equity-based compensation expense | $ 54,924,000 | $ 20,626,000 |