v3.26.1
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Collaboration revenue $ 2,451 $ 2,412 $ 5,223 $ 3,863
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Collaborative Arrangement [Member] Collaborative Arrangement [Member] Collaborative Arrangement [Member] Collaborative Arrangement [Member]
Operating expenses:        
Research and development $ 24,365 $ 19,844 $ 44,775 $ 30,953
General and administrative 7,419 7,339 15,156 14,127
Total operating expenses 31,784 27,183 59,931 45,080
Loss from operations (29,333) (24,771) (54,708) (41,217)
Other income (expense)        
Interest expense (1) (201) (40) (456)
Interest and other income (expense), net 3,438 3,420 6,706 7,134
Gain (loss) from changes in fair value of warrants (201) (11) (308) 48
Total other income (expense), net 3,236 3,208 6,358 6,726
Segment and consolidated net loss $ (26,097) $ (21,563) $ (48,350) $ (34,491)
Net loss per share attributable to common stockholders, Basic $ (0.58) $ (0.6) $ (1.11) $ (0.96)
Net loss per share attributable to common stockholders, Diluted $ (0.58) $ (0.6) $ (1.11) $ (0.96)
Weighted-average common shares outstanding, basic 44,838,893 35,850,037 43,666,204 35,850,037
Weighted-average common shares outstanding, diluted 44,838,893 35,850,037 43,666,204 35,850,037
Comprehensive loss:        
Net Income (Loss) $ (26,097) $ (21,563) $ (48,350) $ (34,491)
Unrealized holding gains (losses) on available-for-sale investments (547) 0 (725) 29
Foreign currency translation adjustment (4) (52) (31) (62)
Total other comprehensive loss (551) (52) (756) (33)
Total comprehensive loss $ (26,648) $ (21,615) $ (49,106) $ (34,524)