v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - 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 $ 16,072 $ 7,557 $ 19,339 $ 13,509
Operating expenses:        
Research and development 18,523 21,792 36,782 43,418
General and administrative 6,354 6,862 12,935 14,101
Total operating expenses 24,877 28,654 49,717 57,519
Loss from operations (8,805) (21,097) (30,378) (44,010)
Other income, net:        
Interest income 1,609 2,309 3,351 5,001
Other income (expense), net 5 852 (39) 2,239
Total other income, net 1,614 3,161 3,312 7,240
Net loss $ (7,191) $ (17,936) $ (27,066) $ (36,770)
Net loss per share attributable to common stockholders—basic (in dollars per share) $ (0.10) $ (0.28) $ (0.39) $ (0.58)
Net loss per share attributable to common stockholders—diluted (in dollars per share) $ (0.10) $ (0.28) $ (0.39) $ (0.58)
Weighted average common shares outstanding—basic (in shares) 70,629,419 62,978,219 70,087,756 62,913,804
Weighted average common shares outstanding—diluted (in shares) 70,629,419 62,978,219 70,087,756 62,913,804
Comprehensive loss:        
Net loss $ (7,191) $ (17,936) $ (27,066) $ (36,770)
Other comprehensive loss:        
Unrealized losses on marketable securities (1) (58) (158) (179)
Total other comprehensive loss (1) (58) (158) (179)
Total comprehensive loss $ (7,192) $ (17,994) $ (27,224) $ (36,949)
Revenue from Contract with Customer, Product and Service Flag Collaboration Revenue [Member] Collaboration Revenue [Member] Collaboration Revenue [Member] Collaboration Revenue [Member]