v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
At-The-Market Equity Offering Program ("ATM")
At-The-Market Equity Offering Program ("ATM")
Common Stock
At-The-Market Equity Offering Program ("ATM")
Additional Paid-in Capital
Beginning balance at Dec. 31, 2024 $ 716,794 $ 1 $ 1,021,794 $ (305,916) $ 915      
Beginning balance (in shares) at Dec. 31, 2024   58,062,898            
MEMBERS' DEFICIT                
Vesting of restricted stock (in shares)   213,104            
Issuance of common stock upon exercise of stock options 622   622          
Issuance of common stock upon exercise of stock options (in shares)   28,799            
Equity-based compensation expense 11,126   11,126          
Unrealized gain (loss) on marketable securities, net of tax 159       159      
Net loss (55,339)     (55,339)        
Ending balance at Mar. 31, 2025 673,362 $ 1 1,033,542 (361,255) 1,074      
Ending balance (in shares) at Mar. 31, 2025   58,304,801            
Beginning balance at Dec. 31, 2024 716,794 $ 1 1,021,794 (305,916) 915      
Beginning balance (in shares) at Dec. 31, 2024   58,062,898            
Ending balance at Dec. 31, 2025 903,883 $ 1 1,464,561 (561,759) 1,080      
Ending balance (in shares) at Dec. 31, 2025   68,401,349            
MEMBERS' DEFICIT                
Common stock issued, net of issuance costs 377,441   377,441     $ 28,934   $ 28,934
Common stock issued, net of issuance costs (in shares)   5,750,000         369,220  
Vesting of restricted stock (in shares)   222,013            
Issuance of common stock upon exercise of stock options $ 4,320   4,320          
Issuance of common stock upon exercise of stock options (in shares) 139,814 139,814            
Equity-based compensation expense $ 17,155   17,155          
Unrealized gain (loss) on marketable securities, net of tax (1,829)       (1,829)      
Net loss (74,111)     (74,111)        
Ending balance at Mar. 31, 2026 $ 1,255,793 $ 1 $ 1,892,411 $ (635,870) $ (749)      
Ending balance (in shares) at Mar. 31, 2026   74,882,396