v3.26.1
Segment Information (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
segment
Dec. 31, 2024
USD ($)
Segment Information    
Number of reportable segment | segment 1  
Revenue $ 10,000 $ 5,000
Research and development expenses 168,063 139,139
General and administrative 53,322 29,749
Stock-based compensation 26,347 10,821
Net loss (377,737) (156,988)
Zenas BioPharma (HK) Limited    
Segment Information    
Revenue 10,000 5,000
Single Reportable Segment    
Segment Information    
Revenue 10,000 5,000
General and administrative (35,813) (22,995)
Acquired in-process research and development 171,672  
Stock-based compensation (26,347) (10,821)
Other segment items (5,320) (6,901)
Net loss $ (377,737) $ (156,988)
Other segment items, description Other segment items consist of other income (expense), net and income tax provision (benefit). Other income (expense), net consists of interest income, interest expense related to the royalty obligation and realized and unrealized gains and losses on foreign currency transactions. Other segment items consist of other income (expense), net and income tax provision (benefit). Other income (expense), net consists of interest income, interest expense related to the royalty obligation and realized and unrealized gains and losses on foreign currency transactions.
Single Reportable Segment | Obexelimab    
Segment Information    
Research and development expenses $ (104,605) $ (94,563)
Single Reportable Segment | Orelabrutinib    
Segment Information    
Research and development expenses 7,208  
Single Reportable Segment | Other programs (ZB002, ZB004, ZB021 & ZB022)    
Segment Information    
Research and development expenses (3,677) (2,115)
Single Reportable Segment | Partnered regional programs (ZB001 & ZB005)    
Segment Information    
Research and development expenses (159) (6,737)
Single Reportable Segment | Unallocated    
Segment Information    
Research and development expenses $ (43,576) $ (31,658)