v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenue $ 8,806 $ 1,973 $ 11,514 $ 30,780
Costs and operating expenses:        
Cost of revenue 1,617 326 2,215 5,042
Research and development 15,079 18,352 30,529 36,865
General and administrative 8,501 9,527 15,467 24,548
Total operating expense 25,197 28,205 48,211 66,455
Loss from operations (16,391) (26,232) (36,697) (35,675)
Other income, net:        
Interest income 1,979 665 4,084 1,690
Interest expense (2,164) (2,232) (4,298) (4,433)
Change in fair value of warrant liability 528 2,642 608 13,472
Other income, net (107) (547) (93) (442)
Total other income, net 236 528 301 10,287
Loss before provision for income taxes (16,155) (25,704) (36,396) (25,388)
Provision for income taxes 2 37 2 71
Net loss $ (16,157) $ (25,741) $ (36,398) $ (25,459)
Net loss per share attributable to common stockholders—basic $ (0.13) $ (3.47) $ (0.29) $ (3.59)
Net loss per share attributable to common stockholders—diluted $ (0.13) $ (3.47) $ (0.29) $ (3.59)
Weighted average shares of common stock outstanding—basic 126,344,020 7,412,990 126,316,523 7,095,846
Weighted average shares of common stock outstanding—diluted 126,344,020 7,412,990 126,316,523 7,095,846
Supplemental Income Statement Elements [Abstract]        
Change in net unrealized gains on marketable debt securities $ (1) $ (10) $ (14) $ (16)
Comprehensive loss (16,158) (25,751) (36,412) (25,475)
License and other revenue        
Total revenue 6,433 229 6,672 28,094
Product revenue, net        
Total revenue $ 2,373 $ 1,744 $ 4,842 $ 2,686