v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Deficit [Member]
2026 Registered Offering [Member]
Pre-funded Warrants [Member]
2026 Registered Offering [Member]
Pre-funded Warrants [Member]
Common Stock [Member]
2026 Registered Offering [Member]
Pre-funded Warrants [Member]
Additional Paid-in Capital [Member]
2024 At-the-Market (ATM) Agreement [Member]
2024 At-the-Market (ATM) Agreement [Member]
Common Stock [Member]
2024 At-the-Market (ATM) Agreement [Member]
Additional Paid-in Capital [Member]
Balances (in shares) at Dec. 31, 2024   70,671,464                  
Balances at Dec. 31, 2024 $ 290,668 $ 70 $ 522,368 $ (51) $ (231,719)            
Issuance of common stock, net (in shares) [1]                   3,379,377  
Issuance of common stock, net [1]                 $ 9,986 $ 3 $ 9,983
Unrealized gain (loss) on available-for-sale securities 70     70              
Share-based compensation 2,098   2,098                
Net loss (18,177)       (18,177)            
Balances (in shares) at Mar. 31, 2025   74,050,841                  
Balances at Mar. 31, 2025 284,645 $ 73 534,449 19 (249,896)            
Balances (in shares) at Dec. 31, 2024   70,671,464                  
Balances at Dec. 31, 2024 290,668 $ 70 522,368 (51) (231,719)            
Unrealized gain (loss) on available-for-sale securities 54                    
Net loss (39,662)                    
Balances (in shares) at Jun. 30, 2025   74,262,990                  
Balances at Jun. 30, 2025 265,692 $ 74 536,996 3 (271,381)            
Balances (in shares) at Mar. 31, 2025   74,050,841                  
Balances at Mar. 31, 2025 284,645 $ 73 534,449 19 (249,896)            
Issuance of stock pursuant to the exercise of Pre-funded Warrants, net, shares   145,852                  
Issuance of stock pursuant to the exercise of Pre-funded Warrants, net   $ 1 (1)                
Issuance of common stock pursuant to exercise options (in shares)   66,297                  
Issuance of common stock pursuant to exercise of options 145   145                
Unrealized gain (loss) on available-for-sale securities (16)     (16)              
Share-based compensation 2,403   2,403                
Net loss (21,485)       (21,485)            
Balances (in shares) at Jun. 30, 2025   74,262,990                  
Balances at Jun. 30, 2025 265,692 $ 74 536,996 3 (271,381)            
Balances (in shares) at Dec. 31, 2025   74,337,990                  
Balances at Dec. 31, 2025 207,031 $ 74 541,687 110 (334,840)            
Issuance of common stock, net (in shares) [1]             39,576,088        
Issuance of common stock, net [1]           $ 164,089 $ 40 $ 164,049      
Issuance of common stock pursuant to exercise options (in shares)   103,677                  
Issuance of common stock pursuant to exercise of options 290   290                
Unrealized gain (loss) on available-for-sale securities (336)     (336)              
Share-based compensation 2,553   2,553                
Net loss (26,189)       (26,189)            
Balances (in shares) at Mar. 31, 2026   114,017,755                  
Balances at Mar. 31, 2026 347,438 $ 114 708,579 (226) (361,029)            
Balances (in shares) at Dec. 31, 2025   74,337,990                  
Balances at Dec. 31, 2025 207,031 $ 74 541,687 110 (334,840)            
Unrealized gain (loss) on available-for-sale securities (331)                    
Net loss (52,975)                    
Balances (in shares) at Jun. 30, 2026   114,086,092                  
Balances at Jun. 30, 2026 323,863 $ 114 711,785 (221) (387,815)            
Balances (in shares) at Mar. 31, 2026   114,017,755                  
Balances at Mar. 31, 2026 347,438 $ 114 708,579 (226) (361,029)            
Issuance of common stock pursuant to exercise options (in shares)   68,337                  
Issuance of common stock pursuant to exercise of options 160   160                
Unrealized gain (loss) on available-for-sale securities 5     5              
Share-based compensation 3,046   3,046                
Net loss (26,786)     (26,786)              
Balances (in shares) at Jun. 30, 2026   114,086,092                  
Balances at Jun. 30, 2026 $ 323,863 $ 114 $ 711,785 $ (221) $ (387,815)            
[1]

1. See Note 3, Investments and Agreements, for additional information.