v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - 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 $ 0 $ 0 $ 20,000 $ 0
Operating expenses        
Research and development 51,414 22,680 84,130 42,252
Selling, general and administrative 9,392 6,816 20,891 14,352
Total operating expenses 60,806 29,496 105,021 56,604
Loss from operations (60,806) (29,496) (85,021) (56,604)
Other income (expense):        
Interest income 4,191 2,764 8,549 5,809
Total other income, net 4,191 2,764 8,549 5,809
Net loss $ (56,615) $ (26,732) $ (76,472) $ (50,795)
Net loss per share attributable to common stockholders, basic $ (1.19) $ (0.75) $ (1.61) $ (1.44)
Net loss per share attributable to common stockholders, diluted $ (1.19) $ (0.75) $ (1.61) $ (1.44)
Weighted-average common shares outstanding, basic 47,473,174 35,444,635 47,355,550 35,356,098
Weighted-average common shares outstanding, diluted 47,473,174 35,444,635 47,355,550 35,356,098
Comprehensive loss:        
Net loss $ (56,615) $ (26,732) $ (76,472) $ (50,795)
Change in unrealized (losses) gains on investments, net of tax (765) 19 (1,816) 446
Total other comprehensive income (loss) (765) 19 (1,816) 446
Comprehensive loss $ (57,380) $ (26,713) $ (78,288) $ (50,349)