v3.25.4
Income Taxes - Deferred tax assets and liabilities (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Net operating loss carryforwards $ 105,425 $ 94,923
Research and development credits 55,020 50,842
Collaboration and license agreement 2,832 3,422
Capitalized research and development 46,041 59,803
Share-based compensation 4,329 5,863
Accrued expenses and other 4,581 1,404
Operating lease liabilities 6,520 7,560
Depreciation and amortization 1,048 461
Total gross deferred tax assets before valuation allowance 225,796 224,278
Valuation allowance (222,752) (219,833)
Net deferred tax assets 3,044 4,445
Deferred tax liabilities:    
Right of use assets - operating leases (3,044) (4,445)
Total deferred tax liabilities (3,044) (4,445)
Net deferred taxes 0 0
Valuation allowance increased $ 2,900 $ 19,100