v3.26.1
Collaboration Revenue (Tables)
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Company's Total Contract Liabilities

The following table summarizes activity in the Company’s total contract liabilities for the three and six months ended June 30, 2026. Additions to contract liabilities include $0.6 million of upfront payments from an additional immaterial collaboration arrangement.

 

 

Contract Liabilities

 

 

 

(In thousands)

 

Balance as of December 31, 2025

 

$

 

Addition

 

 

10,600

 

Less: revenue recognized from contract liabilities

 

 

(198

)

Balance as of March 31, 2026

 

$

10,402

 

Less: revenue recognized from contract liabilities

 

 

(739

)

Balance as of June 30, 2026

 

$

9,663