v3.26.1
Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company has one operating segment. The table below is a summary of the segment loss, including significant segment expenses (in thousands):
Year Ended December 31,
20252024
Operating expenses:
Research and Development:
Development expenses
$82,372 $76,993 
Personnel expenses
24,420 26,707 
Non-cash share-based compensation expense
5,088 10,309 
Facilities and other expenses1
6,556 5,030 
General and Administrative:
Personnel expenses
19,716 23,422 
Legal and professional fees
23,521 14,535 
Facilities and other expenses1
8,862 12,001 
Non-cash share-based compensation expense
8,502 9,208 
Total operating expenses
179,037 178,205 
Operating loss
(179,037)(178,205)
Fair value change of warrant liabilities(122,561)— 
Benefit from R&D tax credit3,747 21,097 
Interest income7,182 8,268 
Interest expense(4,517)(4,479)
Foreign exchange gains (losses)3,471 (1,032)
Other income
1,380 823 
Income tax benefit (expense)2,473 (1,594)
Net loss
$(287,862)$(155,122)
1Other expenses include subscriptions and memberships, consulting fees and company insurance.