STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Stock Awards Granted

The following table summarizes the Company’s stock awards granted for each of the periods indicated:


		For the Three Months Ended June 30,																For the Six Months Ended June 30,
		2026								2025								2026								2025
		Grants				Weighted Average Grant Date Fair Value				Grants				Weighted Average Grant Date Fair Value				Grants				Weighted Average Grant Date Fair Value				Grants				Weighted Average Grant Date Fair Value
Stock options			—				—				22,016			$	13.98				—				—				488,192			$	46.93
Restricted stock units			654,330			$	17.61				317,317			$	17.10				788,185			$	18.18				1,695,123			$	82.59
Performance stock units			—				—				—			$	—				—				—				120,378		(1)	$	99.69

(1) For the six months ended June 30, 2025, there were 120,378 shares granted with performance conditions which are related to the achievement of certain financial performance goals, regulatory development and approval of certain of the Company's product candidates and certain manufacturing achievements. As of June 30, 2026, none of the performance conditions were probable of being achieved.

Summary of Stock-Based Compensation Expense by Grant Type and by Function Included within Consolidated Statements of Comprehensive Income (Loss)

The following table summarizes stock-based compensation expense by grant type and by function included within the unaudited condensed consolidated statements of comprehensive (loss) income:


		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2026				2025				2026				2025
		(in thousands)
Stock options		$	4,978			$	11,689			$	12,074			$	24,578
Restricted and performance stock units			23,052				28,114				49,629				59,657
Employee stock purchase plan			—				1,815				—				3,939
Subtotal		$	28,030			$	41,618			$	61,703			$	88,174
Capitalized stock-based compensation costs			(3,558	)			(4,593	)			(7,832	)			(9,721	)
Total stock-based compensation expense included in expenses		$	24,472			$	37,025			$	53,871			$	78,453
Research and development			8,509				15,277				18,786				32,594
Selling, general and administrative			15,963				21,748				35,085				45,859
Total stock-based compensation expense included in expenses		$	24,472			$	37,025			$	53,871			$	78,453