v3.26.1
Prepaid Expenses, Other Current Assets, and Accrued Expenses
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Prepaid Expenses, Other Current Assets, and Accrued Expenses Prepaid Expenses, Other Current Assets, and Accrued Expenses
Prepaid expenses and other current assets consist of the following:
(in thousands)As of March 31, 2026As of December 31, 2025
Prepaid research and development
$3,260 $5,609 
Tax credit receivable
1,213 1,255 
Prepaid insurance759 31 
Deferred IPO costs
— 3,387 
Interest receivable on cash equivalents438 43 
Other602 307 
$6,272 $10,632 
Accrued expenses consists of the following:
(in thousands)As of March 31, 2026As of December 31, 2025
Professional fees
$3,024 $4,338 
Research and development
2,019 702 
Bonus
563 1,939 
$5,606 $6,979