v3.26.1
Condensed Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
At-the-market Offering
Common Stock
Common Stock
At-the-market Offering
Common Stock
Follow On Public Offering
Additional Paid-In Capital
Additional Paid-In Capital
At-the-market Offering
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Dec. 31, 2024 $ 1,059,147   $ 9     $ 1,681,167   $ 812 $ (622,841)
Beginning balance, shares at Dec. 31, 2024     86,503,509            
Issuance of common stock, net of issuance cost   $ 24,997         $ 24,997    
Issuance of common stock, net of issuance costs, shares       984,000          
Issuance of common stock upon exercise of stock options 1,544         1,544      
Issuance of common stock upon exercise of stock options, shares     105,777            
Employee stock purchase plan (ESPP) purchase 820         820      
Employee stock purchase plan (ESPP) purchase, shares     48,490            
Stock-based compensation 22,105         22,105      
Other comprehensive income (loss) 709             709  
Net Income (Loss) (149,669)               (149,669)
Ending balance at Jun. 30, 2025 959,653   $ 9     1,730,633   1,521 (772,510)
Ending balance, shares at Jun. 30, 2025     87,641,776            
Beginning balance at Dec. 31, 2024 1,059,147   $ 9     1,681,167   812 (622,841)
Beginning balance, shares at Dec. 31, 2024     86,503,509            
Ending balance at Dec. 31, 2025 1,022,934   $ 9     1,757,197   2,267 (736,539)
Ending balance, shares at Dec. 31, 2025     87,796,561            
Beginning balance at Mar. 31, 2025 1,024,135   $ 9     1,717,560   1,585 (695,019)
Beginning balance, shares at Mar. 31, 2025     87,565,252            
Issuance of common stock, net of issuance cost   (25)         (25)    
Issuance of common stock upon exercise of stock options 410         410      
Issuance of common stock upon exercise of stock options, shares     28,034            
Employee stock purchase plan (ESPP) purchase 820         820      
Employee stock purchase plan (ESPP) purchase, shares     48,490            
Stock-based compensation 11,868         11,868      
Other comprehensive income (loss) (64)             (64)  
Net Income (Loss) (77,491)               (77,491)
Ending balance at Jun. 30, 2025 959,653   $ 9     1,730,633   1,521 (772,510)
Ending balance, shares at Jun. 30, 2025     87,641,776            
Beginning balance at Dec. 31, 2025 1,022,934   $ 9     1,757,197   2,267 (736,539)
Beginning balance, shares at Dec. 31, 2025     87,796,561            
Issuance of common stock, net of issuance cost 182,398 33,085     $ 1 182,397 33,085    
Issuance of common stock, net of issuance costs, shares       1,196,423 7,222,225        
Issuance of pre-funded warrants to purchase common stock 141,000         141,000      
Issuance of common stock upon exercise of stock options 2,300         2,300      
Issuance of common stock upon exercise of stock options, shares     123,631            
Employee stock purchase plan (ESPP) purchase 922         922      
Employee stock purchase plan (ESPP) purchase, shares     36,797            
Stock-based compensation 31,194         31,194      
Other comprehensive income (loss) (3,937)             (3,937)  
Net Income (Loss) (210,991)               (210,991)
Ending balance at Jun. 30, 2026 1,198,905   $ 10     2,148,095   (1,670) (947,530)
Ending balance, shares at Jun. 30, 2026     96,375,637            
Beginning balance at Mar. 31, 2026 937,267   $ 9     1,772,830   (494) (835,078)
Beginning balance, shares at Mar. 31, 2026     87,856,154            
Issuance of common stock, net of issuance cost 182,398 $ 33,183     $ 1 182,397 $ 33,183    
Issuance of common stock, net of issuance costs, shares       1,196,423 7,222,225        
Issuance of pre-funded warrants to purchase common stock 141,000         141,000      
Issuance of common stock upon exercise of stock options 1,105         1,105      
Issuance of common stock upon exercise of stock options, shares     64,038            
Employee stock purchase plan (ESPP) purchase 922         922      
Employee stock purchase plan (ESPP) purchase, shares     36,797            
Stock-based compensation 16,658         16,658      
Other comprehensive income (loss) (1,176)             (1,176)  
Net Income (Loss) (112,452)               (112,452)
Ending balance at Jun. 30, 2026 $ 1,198,905   $ 10     $ 2,148,095   $ (1,670) $ (947,530)
Ending balance, shares at Jun. 30, 2026     96,375,637