v3.26.1
Fair Value of Financial Assets and Liabilities - Schedule of Fair Value of Warrant Liabilities (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning balance of fair value   $ 203,726   $ 203,726  
Change in fair value of warrant liabilities $ (205,577)   $ (2,540) (74,661) $ 16,920
Ending balance of fair value 337,459     337,459  
Pre-Funded Warrants          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning balance of fair value   60,029   60,029  
Change in fair value of warrant liabilities       140,965  
Exercise of 2025 Financing pre-funded warrant liabilities   (33,700)   (33,719)  
Issuance of February 2026 Offering of pre-funded warrants       10,000  
Conversion of 2025 Financing ADS warrants to pre-funded warrants       160,184  
Ending balance of fair value 337,459     337,459  
ADS Warrants          
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]          
Beginning balance of fair value   $ 143,697   143,697  
Change in fair value of warrant liabilities       (66,304)  
Exercise of 2025 Financing pre-funded warrant liabilities       (32,542)  
Issuance of February 2026 Offering of pre-funded warrants       0  
Conversion of 2025 Financing ADS warrants to pre-funded warrants       (44,851)  
Ending balance of fair value $ 0     $ 0