v3.26.1
Segment Data (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segment Net Revenues and Loss

The table below provides information about the Company’s segment, including significant expenses, other segment items, certain other segment expenses, and a reconciliation to net income (loss):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

License and collaboration revenue

 

$

31,738

 

 

$

7,470

 

Research and development expenses

 

 

 

 

 

 

External research and development expenses*

 

 

30,077

 

 

 

34,421

 

Employee related expenses*

 

 

32,867

 

 

 

29,242

 

General and administrative expenses

 

 

 

 

 

 

External general and administrative expenses*

 

 

13,366

 

 

 

5,373

 

Employee related expenses*

 

 

11,951

 

 

 

10,441

 

Facility and information technology related expenses*

 

 

14,438

 

 

 

14,383

 

Depreciation and amortization

 

 

5,605

 

 

 

5,528

 

Stock-based compensation

 

 

19,044

 

 

 

26,682

 

Interest and other income

 

 

(9,867

)

 

 

(9,864

)

Other segment items

 

 

8,575

 

 

 

(406

)

Net income (loss)

 

$

(94,318

)

 

$

(108,330

)

* Denotes significant segment expense

Other segment items includes:

•
Change in fair value of derivative liabilities
•
Change in fair value of non-controlling equity investments
•
Change in fair value of contingent consideration liabilities
•
Milestone expense
•
License and sublicenses fees