Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information BySegment

The table below is a summary of the segment profit or loss, including significant segment expenses (in thousands):


		Three Months Ended March 31,
		2026				2025
Total revenue		$	5,000			$	983
Less:
Compensation excluding stock-based compensation			(4,445	)			(3,330	)
Consultants and third-party services			(2,964	)			(1,297	)
Stock-based compensation			(2,105	)			(834	)
Development and manufacturing costs			(2,054	)			(2,110	)
Professional services			(1,771	)			(743	)
Rent and facility expenses			(1,016	)			(1,109	)
Depreciation and amortization			(65	)			(294	)
Other expense, including loss on execution of the 2025 PIPE (1)			(117,049	)			(17,420	)
Other segment items (2)			(1,036	)			(816	)
Segment and consolidated net loss		$	(127,505	)		$	(26,970	)

(1) Other information not reported to CODM includes loss on execution of the 2025 PIPE, loss on amendment and cancellation of warrants, interest income, gain/loss on change in fair value of tranche liability, and gain/loss on change in fair value of warrant liabilities, which are reported as other (expense) income, net on the unaudited consolidated statements of operations and comprehensive loss.

(2) Other segment items primarily consist of lab expenses and information technology costs.