v3.26.1
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net

Intangible assets, net consist of the following as of June 30, 2026:

 

 

 

Gross value

 

 

Accumulated
amortization

 

 

Net book
value

 

 

Weighted-
average
remaining
useful life

 

 

 

(in thousands)

 

 

(in years)

 

In-process research and development — RAS Programs

 

$

55,800

 

 

$

—

 

 

$

55,800

 

 

n/a

 

Developed technology — tri-complex platform

 

 

7,480

 

 

 

(7,480

)

 

 

—

 

 

 

—

 

Total

 

$

63,280

 

 

$

(7,480

)

 

$

55,800

 

 

 

 

Intangible assets, net consisted of the following as of December 31, 2025:

 

 

 

Gross value

 

 

Accumulated
amortization

 

 

Net book
value

 

 

Weighted-
average
remaining
useful life

 

 

 

(in thousands)

 

 

(in years)

 

In-process research and development — RAS Programs

 

$

55,800

 

 

$

—

 

 

$

55,800

 

 

n/a

 

Developed technology — tri-complex platform

 

 

7,480

 

 

 

(7,480

)

 

 

—

 

 

 

—

 

Total

 

$

63,280

 

 

$

(7,480

)

 

$

55,800

 

 

 

 
Schedule of Goodwill

The following summarizes the change in the carrying value of goodwill for the three and six months ended June 30, 2026:

 

 

 

Amount

 

 

 

(in thousands)

 

Balance at December 31, 2025

 

$

14,608

 

Adjustment

 

 

—

 

Balance at June 30, 2026

 

$

14,608