v3.26.1
Condensed Statements of Stockholders' Deficit (Unaudited) - USD ($)
$ in Thousands
Total
Underwritten Public Offering
Common Stock
Common Stock
Underwritten Public Offering
Additional Paid-in Capital
Additional Paid-in Capital
Underwritten Public Offering
Accumulated Deficit
Beginning balance at Dec. 31, 2024 $ (253,580)   $ 6   $ 1,009,425   $ (1,263,011)
Beginning balance, shares at Dec. 31, 2024     68,518,238        
Beginning balance, shares at Dec. 31, 2024 19            
401(k) matching contribution $ 2,127       2,127    
401(k) matching contribution, shares     290,165        
Vesting of restricted shares, shares     508,568        
Stock-based compensation 5,540       5,540    
ESPP shares issued 1,853       1,853    
ESPP shares issued, shares     321,099        
Net loss (94,316)           (94,316)
Ending balance at Mar. 31, 2025 $ (338,376)   $ 6   1,018,945   (1,357,327)
Ending balance, shares at Mar. 31, 2025     69,638,070        
Ending balance, shares at Mar. 31, 2025 19            
Beginning balance at Dec. 31, 2024 $ (253,580)   $ 6   1,009,425   (1,263,011)
Beginning balance, shares at Dec. 31, 2024     68,518,238        
Beginning balance, shares at Dec. 31, 2024 19            
401(k) matching contribution, shares 290,165            
Net loss $ (170,126)            
Ending balance at Jun. 30, 2025 $ (405,834)   $ 6   1,027,297   (1,433,137)
Ending balance, shares at Jun. 30, 2025     70,104,419        
Ending balance, shares at Jun. 30, 2025 19            
Beginning balance at Mar. 31, 2025 $ (338,376)   $ 6   1,018,945   (1,357,327)
Beginning balance, shares at Mar. 31, 2025     69,638,070        
Beginning balance, shares at Mar. 31, 2025 19            
Vesting of restricted shares, shares     456,677        
Stock-based compensation $ 8,272       8,272    
Issuance of common stock from exercises of stock options 80       80    
Issuance of common stock from exercises of stock options, shares     9,672        
Net loss (75,810)           (75,810)
Ending balance at Jun. 30, 2025 $ (405,834)   $ 6   1,027,297   (1,433,137)
Ending balance, shares at Jun. 30, 2025     70,104,419        
Ending balance, shares at Jun. 30, 2025 19            
Beginning balance at Dec. 31, 2025 $ (438,169)   $ 6   1,046,083   (1,484,258)
Beginning balance, shares at Dec. 31, 2025 71,419,025   71,419,025        
Beginning balance, shares at Dec. 31, 2025 19            
401(k) matching contribution $ 2,074       2,074    
401(k) matching contribution, shares     132,035        
Vesting of restricted stock units and performance stock units, net of employee tax obligations (128)       (128)    
Vesting of restricted stock units and performance stock units, net of employee tax obligations, shares     740,564        
Stock-based compensation 5,534       5,534    
ESPP shares issued 1,538       1,538    
ESPP shares issued, shares     211,837        
Issuance of common stock from exercises of stock options 591       591    
Issuance of common stock from exercises of stock options, shares     63,906        
Issuance of common stock and pre-funded warrants in connection with the underwritten public offering, net   $ 121,974   $ 1   $ 121,973  
Issuance of common stock and pre-funded warrants in connection with the underwritten public offering, net, shares       6,875,000      
Net loss (30,369)           (30,369)
Ending balance at Mar. 31, 2026 $ (336,955)   $ 7   1,177,665   (1,514,627)
Ending balance, shares at Mar. 31, 2026     79,442,367        
Ending balance, shares at Mar. 31, 2026 19            
Beginning balance at Dec. 31, 2025 $ (438,169)   $ 6   1,046,083   (1,484,258)
Beginning balance, shares at Dec. 31, 2025 71,419,025   71,419,025        
Beginning balance, shares at Dec. 31, 2025 19            
401(k) matching contribution, shares 132,035            
Net loss $ (47,951)            
Ending balance at Jun. 30, 2026 $ (344,273)   $ 8   1,187,928   (1,532,209)
Ending balance, shares at Jun. 30, 2026 80,070,048   80,070,048        
Ending balance, shares at Jun. 30, 2026 19            
Beginning balance at Mar. 31, 2026 $ (336,955)   $ 7   1,177,665   (1,514,627)
Beginning balance, shares at Mar. 31, 2026     79,442,367        
Beginning balance, shares at Mar. 31, 2026 19            
Vesting of restricted shares, shares     133,370        
Stock-based compensation $ 6,712       6,712    
Issuance of common stock from exercises of stock options 3,552   $ 1   3,551    
Issuance of common stock from exercises of stock options, shares     494,311        
Net loss (17,582)           (17,582)
Ending balance at Jun. 30, 2026 $ (344,273)   $ 8   $ 1,187,928   $ (1,532,209)
Ending balance, shares at Jun. 30, 2026 80,070,048   80,070,048        
Ending balance, shares at Jun. 30, 2026 19