v3.26.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2026
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options and Restricted Stock Units Granted

Our annual grant of stock-based compensation takes place during the first quarter of each year. Our stock options and restricted stock units granted during the first quarter of 2026 were as follows:

 

 

Grants

 

 

Weighted
Average Grant Date Fair Value per Share

 

 Stock options

 

 

1,518,443

 

 

$

60.20

 

 Restricted stock units

 

 

1,460,603

 

 

$

60.16

 

Summary of Stock-Based Compensation Expense

Total stock-based compensation expense was recorded in the condensed consolidated statements of operations and comprehensive loss, and allocated as follows (in thousands):

 

 

Three Months Ended

 

 

 

 

March 31, 2026

 

 

March 31, 2025

 

 

 Research and development

 

$

13,581

 

 

$

11,678

 

 

 General and administrative

 

 

16,813

 

 

 

11,871

 

 

 

 

$

30,394

 

 

$

23,549

 

 

For the three months ended March 31, 2026, w