v3.25.4
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred income tax assets:    
Net operating loss carryforwards $ 128,955 $ 101,115
Tax credit carryforwards 11,306 10,576
Stock-based compensation 2,866 2,997
Operating lease liabilities 1,036 3,258
Loss on marketable securities 4,994 3,963
Capitalized research and development 22,342 32,220
Property and equipment 2,927 0
Other 4,515 5,687
Total deferred income tax assets 178,941 159,816
Deferred income tax liabilities:    
Operating lease right-of-use assets (861) (3,287)
Property and equipment 0 (36)
Total deferred income tax liabilities (861) (3,323)
Valuation allowance (178,080) (156,493)
Net deferred tax assets $ 0 $ 0