v3.26.1
Balance Sheet Components (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (amounts in thousands):
December 31,
20252024
Research and development costs$10,354 $6,314 
Interest receivable3,360 287 
Value added tax receivable2,131 1,528 
Insurance related expenses773 840 
Income tax receivable933 — 
Other1,827 1,495 
$19,378 $10,464 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (amounts in thousands):
December 31,
20252024
Research and development costs∗
$17,694 $38,063 
Personnel related expenses14,467 9,465 
Professional fees1,422 1,782 
Interest payable840 — 
Operating lease713 602 
Income tax liability— 835 
Other217 108 
$35,353 $50,855 
∗Includes accrued contract termination costs of $30.3 million as of December 31, 2024 which was fully extinguished as of December 31, 2025. See Note 8.
Schedule of Property and Equipment, Net
Property and equipment, net consisted of the following (amounts in thousands):
December 31,
20252024
Computer equipment$1,139 $768 
Office furniture
724 724 
Office equipment
43 43 
Property and equipment, at cost$1,906 $1,535 
Less: Accumulated depreciation(1,099)(791)
Property and equipment, net$807 $744