v3.26.1
SEGMENT REPORTING
6 Months Ended
Jun. 30, 2026
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 9 SEGMENT REPORTING

There have been no changes in the Company’s assessment of the basis of segmentation or in the basis of measurement of segment profit or loss since the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 26, 2026.

Three months ended June 30, 

Six Months Ended June 30, 

  ​ ​ ​

2026

  ​ ​

2025

  ​ ​ ​ ​

2026

  ​ ​ ​

2025

Operating expenses:

 

Contracted research expense

$

27,838

$

19,017

$

51,780

$

40,316

Personnel expense

15,817

10,894

30,541

21,518

Stock-based compensation expense

9,362

7,733

18,077

16,792

Other segment expense(a)

8,385

4,443

14,582

8,907

Depreciation

541

523

1,078

1,036

Segment net loss

(61,943)

(42,610)

(116,058)

(88,569)

Reconciliation of net loss

Interest income

4,616

6,495

9,718

11,656

Net Loss

$

(57,327)

$

(36,115)

$

(106,340)

$

(76,913)

a Other segment expense included in Segment net loss includes contracted administrative expenses, intellectual property fees, software costs, occupancy & equipment costs, and other overhead expenses.