v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative Effect of Adoption of ASU 2025-07
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Accumulated Deficit
Cumulative Effect of Adoption of ASU 2025-07
Beginning Balance at Dec. 31, 2024 $ 733,545 $ 5,404 $ 836 $ 2,298,661 $ 679 $ (1,566,631) $ 5,404
Beginning Balance, Shares at Dec. 31, 2024     83,633,069        
Purchase of common stock under ESPP 1,501   $ 1 1,500      
Purchase of common stock under ESPP, Shares     90,436        
Issuance of common stock and pre-funded warrants, net of issuance costs 470,478   $ 162 470,316      
Issuance of common stock and pre-funded warrants, net of issuance costs, Shares     16,151,686        
Vesting of restricted common stock     $ 6 (6)      
Vesting of restricted common stock, Shares     607,196        
Stock-based compensation 26,682     26,682      
Exercise of common stock options 719   $ 1 718      
Exercise of common stock options, Shares     74,707        
Other comprehensive income (loss) (519)       (519)    
Net loss (108,330)         (108,330)  
Ending Balance at Mar. 31, 2025 1,129,480   $ 1,006 2,797,871 160 (1,669,557)  
Ending Balance, Shares at Mar. 31, 2025     100,557,094        
Beginning Balance at Dec. 31, 2024 733,545 $ 5,404 $ 836 2,298,661 679 (1,566,631) $ 5,404
Beginning Balance, Shares at Dec. 31, 2024     83,633,069        
Net loss (210,468)            
Ending Balance at Jun. 30, 2025 1,053,310   $ 1,008 2,823,987 10 (1,771,695)  
Ending Balance, Shares at Jun. 30, 2025     100,758,748        
Beginning Balance at Mar. 31, 2025 1,129,480   $ 1,006 2,797,871 160 (1,669,557)  
Beginning Balance, Shares at Mar. 31, 2025     100,557,094        
Issuance of common stock and pre-funded warrants, net of issuance costs (4)     (4)      
Vesting of restricted common stock     $ 1 (1)      
Vesting of restricted common stock, Shares     81,163        
Stock-based compensation 24,367     24,367      
Exercise of common stock options 1,755   $ 1 1,754      
Exercise of common stock options, Shares     120,491        
Other comprehensive income (loss) (150)       (150)    
Net loss (102,138)         (102,138)  
Ending Balance at Jun. 30, 2025 1,053,310   $ 1,008 2,823,987 10 (1,771,695)  
Ending Balance, Shares at Jun. 30, 2025     100,758,748        
Beginning Balance at Dec. 31, 2025 1,238,358   $ 1,017 2,877,449 1,111 (1,641,219)  
Beginning Balance, Shares at Dec. 31, 2025     101,748,962        
Purchase of common stock under ESPP 1,510   $ 1 1,509      
Purchase of common stock under ESPP, Shares     74,518        
Vesting of restricted common stock     $ 7 (7)      
Vesting of restricted common stock, Shares     720,697        
Stock-based compensation 19,044     19,044      
Exercise of common stock options 2,025   $ 2 2,023      
Exercise of common stock options, Shares     197,671        
Other comprehensive income (loss) (2,181)       (2,181)    
Net loss (94,318)         (94,318)  
Ending Balance at Mar. 31, 2026 1,164,438   $ 1,027 2,900,018 (1,070) (1,735,537)  
Ending Balance, Shares at Mar. 31, 2026     102,741,848        
Beginning Balance at Dec. 31, 2025 $ 1,238,358   $ 1,017 2,877,449 1,111 (1,641,219)  
Beginning Balance, Shares at Dec. 31, 2025     101,748,962        
Exercise of common stock options, Shares 645,881            
Net loss $ (216,996)            
Ending Balance at Jun. 30, 2026 1,067,442   $ 1,033 2,926,813 (2,189) (1,858,215)  
Ending Balance, Shares at Jun. 30, 2026     103,264,636        
Beginning Balance at Mar. 31, 2026 1,164,438   $ 1,027 2,900,018 (1,070) (1,735,537)  
Beginning Balance, Shares at Mar. 31, 2026     102,741,848        
Vesting of restricted common stock     $ 1 (1)      
Vesting of restricted common stock, Shares     74,578        
Stock-based compensation 19,278     19,278      
Exercise of common stock options 7,523   $ 5 7,518      
Exercise of common stock options, Shares     448,210        
Other comprehensive income (loss) (1,119)       (1,119)    
Net loss (122,678)         (122,678)  
Ending Balance at Jun. 30, 2026 $ 1,067,442   $ 1,033 $ 2,926,813 $ (2,189) $ (1,858,215)  
Ending Balance, Shares at Jun. 30, 2026     103,264,636