v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common stock warrants
Additional Paid-in Capital [Member]
Accumulated other comprehensive loss
Accumulated Deficit [Member]
Beginning balance at Dec. 31, 2024 $ 99,352 $ 6 $ 711,160 $ 47 $ (611,861)
Beginning balance, Shares at Dec. 31, 2024   54,139,560      
Share-based compensation 4,564   4,564    
Issuance of common stock upon exercise of stock options, Shares   273      
Issuance of common stock upon release of restricted stock units, Shares   857,209      
Shares withheld for the withholding tax on vesting of restricted stock (183)   (183)    
Shares withheld for the withholding tax on vesting of restricted stock, Shares   (47,758)      
Unrealized loss on available-for-sale securities (54)     (54)  
Net Income (Loss) (34,867)       (34,867)
Ending balance at Mar. 31, 2025 68,812 $ 6 715,541 (7) (646,728)
Ending balance, Shares at Mar. 31, 2025   54,949,284      
Beginning balance at Dec. 31, 2024 99,352 $ 6 711,160 47 (611,861)
Beginning balance, Shares at Dec. 31, 2024   54,139,560      
Issuance of common stock in connection with payment of interest on convertible notes 0        
Unrealized loss on available-for-sale securities (52)        
Net Income (Loss) (227,609)        
Ending balance at Jun. 30, 2025 (118,181) $ 6 721,288 (5) (839,470)
Ending balance, Shares at Jun. 30, 2025   55,430,255      
Beginning balance at Mar. 31, 2025 68,812 $ 6 715,541 (7) (646,728)
Beginning balance, Shares at Mar. 31, 2025   54,949,284      
Share-based compensation 6,024   6,024    
Issuance of common stock upon exercise of stock options 118   118    
Issuance of common stock upon exercise of stock options, Shares   50,388      
Issuance of common stock upon release of restricted stock units, Shares   482,010      
Shares withheld for the withholding tax on vesting of restricted stock (395)   (395)    
Shares withheld for the withholding tax on vesting of restricted stock, Shares   (51,427)      
Unrealized loss on available-for-sale securities 2     2  
Net Income (Loss) (192,742)       (192,742)
Ending balance at Jun. 30, 2025 (118,181) $ 6 721,288 (5) (839,470)
Ending balance, Shares at Jun. 30, 2025   55,430,255      
Beginning balance at Dec. 31, 2025 13,215 $ 6 770,502 (4) (757,289)
Beginning balance, Shares at Dec. 31, 2025   61,580,151      
Share-based compensation 9,365   9,365    
Issuance of common stock upon exercise of stock options 16   16    
Issuance of common stock upon exercise of stock options, Shares   9,152      
Issuance of common stock upon release of restricted stock units, Shares   1,395,300      
Unrealized loss on available-for-sale securities (26)     (26)  
Net Income (Loss) (34,979)       (34,979)
Ending balance at Mar. 31, 2026 (12,409) $ 6 779,883 (30) (792,268)
Ending balance, Shares at Mar. 31, 2026   62,984,603      
Beginning balance at Dec. 31, 2025 $ 13,215 $ 6 770,502 (4) (757,289)
Beginning balance, Shares at Dec. 31, 2025   61,580,151      
Issuance of common stock upon exercise of stock options, Shares 12,652        
Issuance of common stock in connection with payment of interest on convertible notes $ (2,297)        
Unrealized loss on available-for-sale securities (84)        
Net Income (Loss) (114,603)        
Ending balance at Jun. 30, 2026 27,530 $ 7 899,503 (88) (871,892)
Ending balance, Shares at Jun. 30, 2026   68,682,947      
Beginning balance at Mar. 31, 2026 (12,409) $ 6 779,883 (30) (792,268)
Beginning balance, Shares at Mar. 31, 2026   62,984,603      
Share-based compensation 8,513   8,513    
Issuance of common stock upon exercise of stock options 7   7    
Issuance of common stock upon exercise of stock options, Shares   3,500      
Issuance of common stock upon release of restricted stock units, Shares   377,268      
Issuance of common stock in connection with follow on public offering, net of issuance cost 108,804 $ 1 108,803    
Issuance of common stock in connection with follow on public offering, net of issuance cost, Shares   5,168,539      
Issuance of common stock in connection with payment of interest on convertible notes 2,297   2,297    
Issuance of common stock in connection with payment of interest on convertible notes, Shares   149,037      
Unrealized loss on available-for-sale securities (58)     (58)  
Net Income (Loss) (79,624)       (79,624)
Ending balance at Jun. 30, 2026 $ 27,530 $ 7 $ 899,503 $ (88) $ (871,892)
Ending balance, Shares at Jun. 30, 2026   68,682,947