v3.26.1
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
ATM Offering
Common Stock
Common Stock
ATM Offering
Additional Paid-in Capital
Additional Paid-in Capital
ATM Offering
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Balance at Dec. 31, 2024 $ 113,618   $ 53   $ 734,412   $ 275 $ (621,122)
Balance, shares at Dec. 31, 2024     53,052,912          
Issuance of common stock under equity incentive plans, shares     125,920          
Issuance of common stock through ATM offering, net of commissions   $ 372       $ 372    
Issuance of common stock through ATM offering, net of commissions, shares       205,313        
Stock-based compensation 5,216       5,216      
Unrealized (loss) gain on available-for-sale investments (157)           (157)  
Net loss (30,754)             (30,754)
Balance at Mar. 31, 2025 88,295   $ 53   740,000   118 (651,876)
Balance, shares at Mar. 31, 2025     53,384,145          
Balance at Dec. 31, 2024 113,618   $ 53   734,412   275 (621,122)
Balance, shares at Dec. 31, 2024     53,052,912          
Unrealized (loss) gain on available-for-sale investments (239)              
Net loss (56,703)              
Balance at Jun. 30, 2025 64,415   $ 54   742,150   36 (677,825)
Balance, shares at Jun. 30, 2025     53,506,777          
Balance at Mar. 31, 2025 88,295   $ 53   740,000   118 (651,876)
Balance, shares at Mar. 31, 2025     53,384,145          
Issuance of common stock under equity incentive plans     $ 1   (1)      
Issuance of common stock under equity incentive plans, shares     84,099          
Issuance of common stock under employee stock purchase plan 15       15      
Issuance of common stock under employee stock purchase plan, shares     38,533          
Stock-based compensation 2,136       2,136      
Unrealized (loss) gain on available-for-sale investments (82)           (82)  
Net loss (25,949)             (25,949)
Balance at Jun. 30, 2025 64,415   $ 54   742,150   36 (677,825)
Balance, shares at Jun. 30, 2025     53,506,777          
Balance at Dec. 31, 2025 25,981   $ 54   748,716   28 (722,817)
Balance, shares at Dec. 31, 2025     54,388,022          
Issuance of common stock and pre-funded warrants in connection with equity offerings, net of underwriter discounts ($9,000) and issuance costs ($627) 140,373   $ 77   140,296      
Issuance of common stock and pre-funded warrants in connection with equity offerings, net of underwriter discounts ($9,000) and issuance costs ($627), shares     76,979,112          
Issuance of common stock from exercise of pre-funded warrants 3   $ 3          
Issuance of common stock from exercise of pre-funded warrants, shares     2,563,507          
Issuance of common stock under equity incentive plans 670   $ 1   669      
Issuance of common stock under equity incentive plans, shares     602,672          
Issuance of common stock through ATM offering, net of commissions   $ 11       $ 11    
Issuance of common stock through ATM offering, net of commissions, shares       7,428        
Stock-based compensation 2,509       2,509      
Unrealized (loss) gain on available-for-sale investments (273)           (273)  
Net loss (17,927)             (17,927)
Balance at Mar. 31, 2026 151,347   $ 135   892,201   (245) (740,744)
Balance, shares at Mar. 31, 2026     134,540,741          
Balance at Dec. 31, 2025 25,981   $ 54   748,716   28 (722,817)
Balance, shares at Dec. 31, 2025     54,388,022          
Unrealized (loss) gain on available-for-sale investments (252)              
Net loss (35,898)              
Balance at Jun. 30, 2026 136,187   $ 138   894,988   (224) (758,715)
Balance, shares at Jun. 30, 2026     138,216,247          
Balance at Mar. 31, 2026 151,347   $ 135   892,201   (245) (740,744)
Balance, shares at Mar. 31, 2026     134,540,741          
Issuance of common stock from exercise of pre-funded warrants 3   $ 3          
Issuance of common stock from exercise of pre-funded warrants, shares     3,536,810          
Issuance of common stock under equity incentive plans 73       73      
Issuance of common stock under equity incentive plans, shares     106,583          
Issuance of common stock under employee stock purchase plan 31       31      
Issuance of common stock under employee stock purchase plan, shares     32,113          
Stock-based compensation 2,683       2,683      
Unrealized (loss) gain on available-for-sale investments 21           21  
Net loss (17,971)             (17,971)
Balance at Jun. 30, 2026 $ 136,187   $ 138   $ 894,988   $ (224) $ (758,715)
Balance, shares at Jun. 30, 2026     138,216,247