v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense by Type of Award

The following table summarizes stock-based compensation expense during the three and six months ended June 30, 2026 and 2025 (in thousands):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Stock-based compensation expense by type of award:

 

 

 

 

 

 

 

 

 

 

 

Stock options

$

9,671

 

 

$

7,374

 

 

$

19,752

 

 

$

15,065

 

Employee Stock Purchase Plan

 

393

 

 

 

149

 

 

 

786

 

 

 

298

 

Restricted stock units

 

3,010

 

 

 

57

 

 

 

5,507

 

 

 

113

 

Performance-based restricted stock units

 

4,033

 

 

 

2,136

 

 

 

7,970

 

 

 

4,248

 

Total

$

17,107

 

 

$

9,716

 

 

$

34,015

 

 

$

19,724

 

Schedule of Stock Based Compensation Expense

The Company recorded stock-based compensation expense in the following expense categories of its condensed consolidated statements of operations and comprehensive loss (in thousands):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Research and development expenses

$

8,604

 

 

$

4,966

 

 

$

17,516

 

 

$

10,220

 

General and administrative expenses

 

8,503

 

 

 

4,750

 

 

 

16,499

 

 

 

9,504

 

Total

$

17,107

 

 

$

9,716

 

 

$

34,015

 

 

$

19,724