v3.26.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Summary of Long-Lived Assets By Geographic Location The following table presents long-lived assets by geographic location as of March 31, 2026 and 2025 (in thousands):
 
 
  
Three Months Ended March 31,
 
 
  
2026
 
  
2025
 
United States of America
  
$
348
 
  
$
786
 
Denmark
  
 
1,239
 
  
 
1,582
 
  
 
 
    
 
 
 
  
$
1,587
 
  
$
2,368
 
  
 
 
    
 
 
 
Summary of Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table presents selected financial information about the Company’s single operating segment for the three months ended March 31, 2026 and 2025 (in thousands):
 
 
  
Three Months Ended March 31,
 
 
  
  2026  
 
  
  2025  
 
Operating Expenses
(a)
:
     
Research and development personnel-related (excluding equity-based compensation)
  
$
4,701
 
  
$
2,424
 
External research and development costs – sutacimig
  
 
5,795
 
  
 
5,953
 
External research and development costs –
HMB-002
  
 
3,506
 
  
 
4,563
 
External – discovery related costs and other
  
 
4,894
 
  
 
981
 
Personnel-related (excluding equity-based compensation)
  
 
1,032
 
  
 
760
 
External – general and administrative
  
 
2,298
 
  
 
1,343
 
Equity-based compensation expense
  
 
1,318
 
  
 
459
 
Depreciation expense
  
 
68
 
  
 
77
 
Other segment (income) expenses
(b)
  
 
282
 
  
 
(591
Interest income
  
 
(1,219
  
 
(473
Income tax expense (benefit)
  
 
12
 
  
 
(190
  
 
 
    
 
 
 
Consolidated net loss
  
$
22,687
 
  
$
15,306
 
  
 
 
    
 
 
 
 
(a)
The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(b)
Other segment expenses include foreign currency exchange loss and other income/expense.