v3.25.4
INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Noncurrent deferred tax assets:    
Net operating loss carryforwards $ 73,788 $ 51,777
Contribution carryforwards 26 26
Lease liability 1,345 1,671
Deferred revenue 0 5,681
Capitalized R&D costs 22,533 31,282
Other assets 12,816 14,845
Tax credits 36,036 33,701
Less: valuation allowance (145,281) (136,872)
Total deferred tax assets, noncurrent 1,263 2,111
Noncurrent deferred tax liability:    
Investments in equity securities 43 577
Right of use asset 1,220 1,534
Total deferred tax liabilities, noncurrent 1,263 2,111
Net deferred tax assets $ 0 $ 0