v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
At The Market Offerings
Follow-on Public Offering
Common Stock
Common Stock
At The Market Offerings
2022 Sales Agreement [Member]
Common Stock
Follow-on Public Offering
Additional Paid-In Capital
Additional Paid-In Capital
At The Market Offerings
2022 Sales Agreement [Member]
Additional Paid-In Capital
Follow-on Public Offering
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Dec. 31, 2024 $ 871,956     $ 10     $ 3,048,741     $ 605 $ (2,177,400)
Beginning balance, shares at Dec. 31, 2024       102,029,594              
Vesting of restricted stock units, shares       1,510,091              
Stock-based compensation 21,840           21,840        
Other comprehensive income (loss) - unrealized gain (loss) on marketable securities 452                 452  
Net Income (Loss) (114,329)                   (114,329)
Ending balance at Mar. 31, 2025 779,919     $ 10     3,070,581     1,057 (2,291,729)
Ending balance, shares at Mar. 31, 2025       103,539,685              
Beginning balance at Dec. 31, 2024 871,956     $ 10     3,048,741     605 (2,177,400)
Beginning balance, shares at Dec. 31, 2024       102,029,594              
Net Income (Loss) (215,584)                    
Ending balance at Jun. 30, 2025 (715,255)     $ 10     3,107,576     653 (2,392,984)
Ending balance, shares at Jun. 30, 2025       105,330,693              
Beginning balance at Mar. 31, 2025 779,919     $ 10     3,070,581     1,057 (2,291,729)
Beginning balance, shares at Mar. 31, 2025       103,539,685              
Issuance of common stock   $ 13,722           $ 13,722      
Issuance of common stock, shares         1,459,257            
Vesting of restricted stock units, shares       176,579              
Issuance of shares under employee stock purchase plan 1,237           1,237        
Issuance of shares under employee stock purchase plan, shares       155,172              
Stock-based compensation 22,036           22,036        
Other comprehensive income (loss) - unrealized gain (loss) on marketable securities (404)                 (404)  
Net Income (Loss) (101,255)                   (101,255)
Ending balance at Jun. 30, 2025 (715,255)     $ 10     3,107,576     653 (2,392,984)
Ending balance, shares at Jun. 30, 2025       105,330,693              
Beginning balance at Dec. 31, 2025 $ 671,394     $ 12     3,260,444     1,032 (2,590,094)
Beginning balance, shares at Dec. 31, 2025 116,317,060     116,317,060              
Issuance of common stock   $ 33,569           $ 33,569      
Issuance of common stock, shares         2,612,344            
Vesting of restricted stock units, shares       1,518,117              
Stock-based compensation $ 13,479           13,479        
Other comprehensive income (loss) - unrealized gain (loss) on marketable securities (1,272)                 (1,272)  
Net Income (Loss) (96,231)                   (96,231)
Ending balance at Mar. 31, 2026 620,939     $ 12     3,307,492     (240) (2,686,325)
Ending balance, shares at Mar. 31, 2026       120,447,521              
Beginning balance at Dec. 31, 2025 $ 671,394     $ 12     3,260,444     1,032 (2,590,094)
Beginning balance, shares at Dec. 31, 2025 116,317,060     116,317,060              
Exercise of stock options, shares 1,250                    
Net Income (Loss) $ (202,865)                    
Ending balance at Jun. 30, 2026 $ 727,706     $ 14     3,521,681     (1,030) (2,792,959)
Ending balance, shares at Jun. 30, 2026 140,018,200     140,018,200              
Beginning balance at Mar. 31, 2026 $ 620,939     $ 12     3,307,492     (240) (2,686,325)
Beginning balance, shares at Mar. 31, 2026       120,447,521              
Issuance of common stock     $ 194,580     $ 2     $ 194,578    
Issuance of common stock, shares           19,255,815          
Exercise of stock options 16           16        
Exercise of stock options, shares       1,250              
Vesting of restricted stock units, shares       119,401              
Issuance of shares under employee stock purchase plan 1,520           1,520        
Issuance of shares under employee stock purchase plan, shares       194,213              
Stock-based compensation 18,075           18,075        
Other comprehensive income (loss) - unrealized gain (loss) on marketable securities (790)                 (790)  
Net Income (Loss) (106,634)                   (106,634)
Ending balance at Jun. 30, 2026 $ 727,706     $ 14     $ 3,521,681     $ (1,030) $ (2,792,959)
Ending balance, shares at Jun. 30, 2026 140,018,200     140,018,200