v3.26.1
Condensed Consolidated Statements of Stockholders' (Deficit) Equity (Unaudited) - USD ($)
$ in Thousands
Total
Employee stock purchase plan contingently issuable
Equity Award Plan
Common Stock
Common Stock
Employee stock purchase plan contingently issuable
Common Stock
Equity Award Plan
Additional Paid-In Capital
Additional Paid-In Capital
Employee stock purchase plan contingently issuable
Additional Paid-In Capital
Equity Award Plan
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2024       48,338,096              
Beginning balance at Dec. 31, 2024 $ 225,640     $ 5     $ 870,189     $ (644,181) $ (373)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of common stock in connection with equity award plans (in shares)       1,112,939              
Issuance of common stock in connection with equity award plans 6,359           6,359        
Conversion of convertible notes, net (in shares)       188              
Conversion of convertible notes, net 6           6        
Stock-based compensation 15,813           15,813        
Net loss (14,677)                 (14,677)  
Other comprehensive (loss) income 115                   115
Ending balance (in shares) at Mar. 31, 2025       49,451,223              
Ending balance at Mar. 31, 2025 233,256     $ 5     892,367     (658,858) (258)
Beginning balance (in shares) at Dec. 31, 2024       48,338,096              
Beginning balance at Dec. 31, 2024 225,640     $ 5     870,189     (644,181) (373)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net loss (20,538)                    
Ending balance (in shares) at Jun. 30, 2025       50,058,392              
Ending balance at Jun. 30, 2025 255,158     $ 5     919,520     (664,719) 352
Beginning balance (in shares) at Mar. 31, 2025       49,451,223              
Beginning balance at Mar. 31, 2025 $ 233,256     $ 5     892,367     (658,858) (258)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of common stock in connection with equity award plans (in shares)         59,752 547,323          
Issuance of common stock in connection with equity award plans   $ 2,113 $ 6,575         $ 2,113 $ 6,575    
Conversion of convertible notes, net (in shares) 94                    
Conversion of convertible notes, net $ 3                    
Stock-based compensation 18,462                    
Net loss (5,861)                 (5,861)  
Other comprehensive (loss) income 610                   610
Ending balance (in shares) at Jun. 30, 2025       50,058,392              
Ending balance at Jun. 30, 2025 255,158     $ 5     919,520     (664,719) 352
Beginning balance (in shares) at Dec. 31, 2025       51,896,391              
Beginning balance at Dec. 31, 2025 314,690     $ 5     981,878     (667,544) 351
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of common stock and pre-funded warrants in private placement, net of issuance costs/ Shares issued in connection with the repurchase of convertible notes maturing in 2029 (in shares)       3,385,149              
Issuance of common stock and pre-funded warrants in private placement, net of issuance costs / Shares issued in connection with the repurchase of convertible notes maturing in 2029 259,948           259,948        
Issuance of common stock in connection with asset acquisition (in shares)       4,404,190              
Issuance of common stock in connection with asset acquisition 415,271     $ 1     415,270        
Stock-based compensation in connection with asset acquisition (in shares)       112,872              
Stock-based compensation in connection with asset acquisition 10,643           10,643        
Issuance of common stock in connection with equity award plans (in shares)       1,127,563              
Issuance of common stock in connection with equity award plans 10,131           10,131        
Stock-based compensation 22,345           22,345        
Net loss (790,155)                 (790,155)  
Other comprehensive (loss) income (379)                   (379)
Ending balance (in shares) at Mar. 31, 2026       60,926,165              
Ending balance at Mar. 31, 2026 242,494     $ 6     1,700,215     (1,457,699) (28)
Beginning balance (in shares) at Dec. 31, 2025       51,896,391              
Beginning balance at Dec. 31, 2025 314,690     $ 5     981,878     (667,544) 351
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net loss (857,382)                    
Ending balance (in shares) at Jun. 30, 2026       64,754,699              
Ending balance at Jun. 30, 2026 (10,422)     $ 6     1,515,172     (1,524,926) (674)
Beginning balance (in shares) at Mar. 31, 2026       60,926,165              
Beginning balance at Mar. 31, 2026 242,494     $ 6     1,700,215     (1,457,699) (28)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Issuance of common stock and pre-funded warrants in private placement, net of issuance costs/ Shares issued in connection with the repurchase of convertible notes maturing in 2029 (in shares)       3,220,529              
Issuance of common stock and pre-funded warrants in private placement, net of issuance costs / Shares issued in connection with the repurchase of convertible notes maturing in 2029 $ 329,089           329,089        
Issuance of common stock in connection with equity award plans (in shares)         47,162 560,812          
Issuance of common stock in connection with equity award plans   $ 2,859 $ 11,304         $ 2,859 $ 11,304    
Conversion of convertible notes, net (in shares) 31                    
Conversion of convertible notes, net $ 1                    
Exchange and repurchase of convertible notes maturing in 2029 (558,901)                    
Stock-based compensation 30,605                    
Net loss (67,227)                 (67,227)  
Other comprehensive (loss) income (646)                   (646)
Ending balance (in shares) at Jun. 30, 2026       64,754,699              
Ending balance at Jun. 30, 2026 $ (10,422)     $ 6     $ 1,515,172     $ (1,524,926) $ (674)