v3.25.4
Income taxes - Deferred tax assets (liabilities) and unrecognized tax benefits (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Income taxes    
Unrecognized tax benefits $ 0 $ 0
Accrued interest 0 0
Deferred tax assets:    
Net operating loss carryforwards 67,313 4,244
Tax credit carryforwards 43,573 34,424
Lease liability 9,973 11,946
Deferred revenue 434 7,867
Stock-based compensation 6,123 5,328
Non-deductible accruals and reserves 2,035 2,435
Capitalized research expenses 25,502 50,974
Intangibles 444 499
Total deferred tax assets 155,397 117,717
Less valuation allowance (145,426) (105,854)
Net deferred tax assets 9,971 11,863
Deferred tax liabilities    
Right of use assets (7,782) (9,111)
Depreciation and amortization $ (2,189) $ (2,752)