v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Summary of Significant Expense

The table below summarizes the significant expense categories regularly provided to the CODM for the three and six months ended June 30, 2026 and 2025:

 

 

 

For the Three Months Ended June 30,

 

For the Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

2026

 

 

2025

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

Technical operations

 

$

15,420

 

 

$

13,642

 

$

27,507

 

 

$

28,949

 

Development (a)(b)

 

 

10,431

 

 

 

8,495

 

 

21,768

 

 

 

18,104

 

Nomlabofusp support

 

 

2,149

 

 

 

1,231

 

 

3,756

 

 

 

2,866

 

General and administrative (c)(d)

 

 

5,117

 

 

 

3,643

 

 

10,095

 

 

 

7,789

 

Commercial (e)

 

 

1,234

 

 

 

781

 

 

2,342

 

 

 

1,271

 

Total operating expenses

 

$

34,351

 

 

$

27,792

 

$

65,468

 

 

$

58,979

 

Other income, net

 

 

(1,569

)

 

 

(1,610

)

 

(3,073

)

 

 

(3,516

)

Net loss

 

$

(32,782

)

 

$

(26,182

)

$

(62,395

)

 

$

(55,463

)

 

(a)
Development expenses include research and development related stock compensation expense of approximately $1.1 million and $0.9 million for the three months ended June 30, 2026 and 2025, respectively.
(b)
Development expenses include research and development related stock compensation expense of approximately $2.1 million and $1.8 million for the six months ended June 30, 2026 and 2025, respectively.
(c)
General and administrative expenses include general and administrative related stock compensation expense of approximately $1.1 million and $0.9 million for the three months ended June 30, 2026 and 2025, respectively.
(d)
General and administrative expenses include general and administrative related stock compensation expense of approximately $2.0 million and $1.8 million for the six months ended June 30, 2026 and 2025, respectively.
(e)
Commercial expenses relate to commercial readiness activities.