v3.26.1
Segment
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Segment
The Company reports segment information in accordance with the management approach, which reflects the internal reporting utilized by the Chief Operating Decision Maker (“CODM”), the Company’s President and Chief Executive Officer. Based on the information used by the CODM to allocate resources and assess the Company’s performance, the Company has determined it operates in one segment. The CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions and assessing financial performance. Prior period segment information has been recast to reflect the manner in which financial information is currently reviewed by the CODM to allocate resources and assess performance, conforming to the current period presentation.
The CODM evaluates the performance of the Company’s sole reportable segment based on net loss that also is reported on the condensed consolidated statements of operations and comprehensive loss as net loss. The table below details the Company’s segment net loss, significant expenses, and other segment items (in thousands). The measure of segment assets is reported on the condensed consolidated balance sheets as total assets.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue$4 $8 $6 $15 
Less:
Technical operations12,236 11,176 24,630 29,071 
Clinical development15,094 9,486 27,737 18,160 
Support functions5,211 5,672 10,849 14,127 
Lease costs3,715 4,377 7,424 8,823 
Operations management2,447 3,289 5,174 8,273 
Research activities2,775 2,460 5,185 5,990 
Other segment items(1)
3,281 6,232 (12,085)10,450 
Net loss$44,755 $42,684 $68,908 $94,879 
1.Includes stock-based compensation, depreciation, other operating (income) loss, net, interest income, net, and other income, net. For the six months ended June 30, 2026, includes a $17.6 million gain associated with the settlement of the SPA put/call.
Total expenditures for additions to the Company’s property and equipment, net were approximately $0.1 million and approximately zero for the three months ended June 30, 2026 and 2025, respectively, and $0.4 million and $0.3 million for the six months ended June 30, 2026 and 2025, respectively