| Summary of Segment Net Loss, Including Significant Segment Expenses |
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Collaboration revenue |
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$ |
2,451 |
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$ |
2,412 |
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$ |
5,223 |
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$ |
3,863 |
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Segment expenses: |
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Direct program costs |
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16,678 |
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13,955 |
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29,819 |
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18,584 |
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Indirect research and development expenses |
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7,687 |
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5,889 |
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14,956 |
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12,369 |
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General and administrative |
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7,419 |
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7,339 |
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15,156 |
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14,127 |
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Total operating and segment expenses |
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$ |
(31,784 |
) |
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$ |
(27,183 |
) |
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$ |
(59,931 |
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$ |
(45,080 |
) |
Loss from operations |
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(29,333 |
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(24,771 |
) |
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(54,708 |
) |
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(41,217 |
) |
Total other income (expense), net |
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3,236 |
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3,208 |
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6,358 |
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6,726 |
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Segment and consolidated net loss |
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$ |
(26,097 |
) |
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$ |
(21,563 |
) |
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$ |
(48,350 |
) |
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$ |
(34,491 |
) |
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