v3.26.1
Restructuring (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
The following table summarizes the restructuring costs incurred and the total estimated costs expected to be incurred in connection with the 2026 Restructuring:
Three Months Ended June 30, 2026Six Months Ended June 30, 2026
Cumulative Costs to Date
Total Estimated Costs
(in thousands)
Employee severance, benefits and related taxes$83 $2,640 $2,640 $2,640 
Employee retention bonuses, benefits and related taxes1,296 2,079 2,079 2,881 
Stock-based compensation50 665 665 665 
Contract termination costs(50)300 300 300 
Total restructuring costs
$1,379 $5,684 $5,684 $6,486 
Total restructuring costs recognized in our condensed consolidated statements of operations were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Research and development$419 $— $3,477 $— 
General and administrative960 — 2,207 — 
Total restructuring costs
$1,379 $— $5,684 $— 
Accrued restructuring costs, which are included in accrued expenses and other current liabilities on our condensed consolidated balance sheets were as follows (in thousands):
Balance as of December 31, 2025$— 
Restructuring costs recognized during the period
4,305 
Cash payments made during the period
(3,971)
Employee retention bonuses paid in advance
724 
Non-cash charges recognized during the period
(615)
Balance as of March 31, 2026443 
Restructuring costs recognized during the period
1,379 
Cash payments made during the period
(1,229)
Amortization of employee retention bonuses paid in the prior period(509)
Non-cash charges recognized during the period
(50)
Balance as of June 30, 2026$34