v3.26.1
Segment data (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Company's reportable segment net revenues and loss

The Company's reportable segment net revenues and loss for the years ended December 31, 2025 and 2024, consisted of the following:

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

Revenue:

 

 

 

 

 

 

Collaboration revenue

 

$

123,672

 

 

$

75,622

 

Operating expense:

 

 

 

 

 

 

Research and development:

 

 

 

 

 

 

External research and development expenses:

 

 

 

 

 

 

MRT-2359

 

 

8,959

 

 

 

12,332

 

MRT-6160

 

 

7,539

 

 

 

15,209

 

MRT-8102

 

 

19,696

 

 

 

10,163

 

Other development and discovery programs

 

 

25,198

 

 

 

14,432

 

Personnel expense

 

 

46,241

 

 

 

39,796

 

Overhead and administrative expense

 

 

33,867

 

 

 

29,631

 

General and administrative expenses:

 

 

 

 

 

 

Personnel expense

 

 

22,975

 

 

 

22,153

 

Professional services

 

 

5,740

 

 

 

5,091

 

Facility costs and other expense

 

 

7,665

 

 

 

7,927

 

Interest and other income, net

 

 

14,485

 

 

 

10,982

 

Income tax benefit (provision)

 

 

1,097

 

 

 

(2,570

)

Net loss

 

$

(38,626

)

 

$

(72,700

)