v3.26.1
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Preferred Stock [Member]
Series A Non-Voting Convertible Preferred Stock [Member]
Preferred Stock [Member]
Series B Non-Voting Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Deficit [Member]
Beginning Balances at Dec. 31, 2024 $ 256,286 $ 56,515 $ 54,085 $ 110 $ 1,004,612 $ 447 $ (859,483)
Beginning Balances, Shares at Dec. 31, 2024   70,465 6,868 110,461,729      
Issuance of common stock under Employee Stock Purchase Plan 584       584    
Issuance of common stock under Employee Stock Purchase Plan, Shares       88,141      
Issuance of common stock under ATM, net of issuance costs 24,250     $ 3 24,247    
Issuance of common stock under ATM, net of issuance costs, Shares       2,587,992      
Issuance of common stock from exercises of stock options 136       136    
Issuance of common stock from exercises of stock options, Shares       26,842      
Conversion of preferred stock into common stock   $ (2,435)   $ 1 2,434    
Conversion of preferred stock into common stock, Shares   (2,767)   691,750      
Unrealized gains (losses) on marketable securities (283)         (283)  
Stock-based compensation expense 10,008       10,008    
Net loss (71,986)           (71,986)
Ending Balances at Mar. 31, 2025 218,995 $ 54,080 $ 54,085 $ 114 1,042,021 164 (931,469)
Ending Balances, Shares at Mar. 31, 2025   67,698 6,868 113,856,454      
Beginning Balances at Dec. 31, 2024 256,286 $ 56,515 $ 54,085 $ 110 1,004,612 447 (859,483)
Beginning Balances, Shares at Dec. 31, 2024   70,465 6,868 110,461,729      
Net loss (145,515)            
Ending Balances at Jun. 30, 2025 155,036 $ 53,830 $ 54,085 $ 114 1,051,992 13 (1,004,998)
Ending Balances, Shares at Jun. 30, 2025   67,414 6,868 113,928,492      
Beginning Balances at Mar. 31, 2025 218,995 $ 54,080 $ 54,085 $ 114 1,042,021 164 (931,469)
Beginning Balances, Shares at Mar. 31, 2025   67,698 6,868 113,856,454      
Issuance of common stock from exercises of stock options 5       5    
Issuance of common stock from exercises of stock options, Shares       1,038      
Conversion of preferred stock into common stock   $ (250)     250    
Conversion of preferred stock into common stock, Shares   (284)   71,000      
Unrealized gains (losses) on marketable securities (151)         (151)  
Stock-based compensation expense 9,716       9,716    
Net loss (73,529)           (73,529)
Ending Balances at Jun. 30, 2025 155,036 $ 53,830 $ 54,085 $ 114 1,051,992 13 (1,004,998)
Ending Balances, Shares at Jun. 30, 2025   67,414 6,868 113,928,492      
Beginning Balances at Dec. 31, 2025 636,371 $ 53,830 $ 35,563 $ 161 1,734,882 355 (1,188,420)
Beginning Balances, Shares at Dec. 31, 2025   67,414 4,516 160,980,024      
Issuance of common stock under Employee Stock Purchase Plan 1,062       1,062    
Issuance of common stock under Employee Stock Purchase Plan, Shares       173,128      
Issuance of common stock upon RSU vesting       3,200      
Issuance of common stock under ATM, net of issuance costs 45,712     $ 1 45,711    
Issuance of common stock under ATM, net of issuance costs, Shares       1,340,699      
Issuance of common stock from exercises of stock options 5,756     $ 1 5,755    
Issuance of common stock from exercises of stock options, Shares       670,692      
Issuance of common stock from pre-funded warrant exercises 6     $ 1 5    
Issuance of common stock from pre-funded warrant exercises, Shares       606,060      
Conversion of preferred stock into common stock   $ (24,640)   $ 7 24,633    
Conversion of preferred stock into common stock, Shares   (28,000)   7,000,000      
Unrealized gains (losses) on marketable securities (770)         (770)  
Stock-based compensation expense 16,908       16,908    
Net loss (97,352)           (97,352)
Ending Balances at Mar. 31, 2026 607,693 $ 29,190 $ 35,563 $ 171 1,828,956 (415) (1,285,772)
Ending Balances, Shares at Mar. 31, 2026   39,414 4,516 170,773,803      
Beginning Balances at Dec. 31, 2025 636,371 $ 53,830 $ 35,563 $ 161 1,734,882 355 (1,188,420)
Beginning Balances, Shares at Dec. 31, 2025   67,414 4,516 160,980,024      
Net loss (193,757)            
Ending Balances at Jun. 30, 2026 532,388 $ 29,190 $ 35,563 $ 171 1,850,411 (770) (1,382,177)
Ending Balances, Shares at Jun. 30, 2026   39,414 4,516 171,598,409      
Beginning Balances at Mar. 31, 2026 607,693 $ 29,190 $ 35,563 $ 171 1,828,956 (415) (1,285,772)
Beginning Balances, Shares at Mar. 31, 2026   39,414 4,516 170,773,803      
Issuance of common stock from exercises of stock options 4,348       4,348    
Issuance of common stock from exercises of stock options, Shares       484,606      
Issuance of common stock upon PSU vesting, Shares       340,000      
Unrealized gains (losses) on marketable securities (355)         (355)  
Stock-based compensation expense 17,107       17,107    
Net loss (96,405)           (96,405)
Ending Balances at Jun. 30, 2026 $ 532,388 $ 29,190 $ 35,563 $ 171 $ 1,850,411 $ (770) $ (1,382,177)
Ending Balances, Shares at Jun. 30, 2026   39,414 4,516 171,598,409