v3.26.1
Income Taxes - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Net operating losses $ 164,685 $ 112,075
Capitalized license agreements 33,096 34,699
Capitalized research and development expense 87,212 81,544
Research and development credits 35,430 28,716
Compensation related 9,386 6,887
Operating lease liabilities 120 465
Other 358 531
Total deferred tax assets 330,287 264,917
Less: valuation allowance (330,182) (264,379)
Total deferred tax assets less valuation allowance 105 538
Deferred tax liabilities:    
Operating lease right-of-use assets (105) (446)
Fixed assets 0 (92)
Total deferred tax liabilities (105) (538)
Net deferred tax assets $ 0 $ 0