v3.26.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule Of Segment Reporting

The following table summarizes the reportable segment’s financial information:

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Collaboration revenue

 

$

15,048

 

 

$

16,627

 

Less:

 

 

 

 

 

 

Research and development:

 

 

 

 

 

 

   External development expenses - nex-z

 

 

20,244

 

 

 

23,130

 

   External development expenses - lonvo-z

 

 

8,142

 

 

 

10,668

 

   Other research and development (1)

 

 

52,351

 

 

 

74,629

 

       Total research and development

 

 

80,737

 

 

 

108,427

 

General and administrative (2)

 

 

34,843

 

 

 

29,007

 

Interest income

 

 

(5,205

)

 

 

(8,603

)

Other segment information (3)

 

 

904

 

 

 

2,125

 

Segment and consolidated net loss

 

$

(96,231

)

 

$

(114,329

)
(1)
Includes unallocated research and development expenses including stock-based compensation of $7.6 million and $12.6 million for the three months ended March 31, 2026 and 2025, respectively, as disclosed within Note 10, “Stock-Based Compensation.”
(2)
Includes stock-based compensation of $5.9 million and $9.2 million for the three months ended March 31, 2026 and 2025, respectively, as disclosed within Note 10, “Stock-Based Compensation.”
(3)
Includes change in fair value of investments as disclosed in the Company’s condensed consolidated statements of operations and comprehensive loss.