v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024   89,310,996    
Beginning balance at Dec. 31, 2024 $ 384,185 $ 8 $ 1,082,473 $ (698,296)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Share-based compensation (in shares) 27,362      
Share based compensation $ 6,065   6,065  
Net loss (109,544)     (109,544)
Ending balance (in shares) at Mar. 31, 2025   89,338,358    
Ending balance at Mar. 31, 2025 280,706 $ 8 1,088,538 (807,840)
Beginning balance (in shares) at Dec. 31, 2024   89,310,996    
Beginning balance at Dec. 31, 2024 384,185 $ 8 1,082,473 (698,296)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net loss (237,610)      
Ending balance (in shares) at Jun. 30, 2025   99,482,250    
Ending balance at Jun. 30, 2025 445,627 $ 10 1,381,523 (935,906)
Beginning balance (in shares) at Mar. 31, 2025   89,338,358    
Beginning balance at Mar. 31, 2025 280,706 $ 8 1,088,538 (807,840)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of Common Stock, net (in shares)   10,000,000    
Issuance of Common Stock, net 282,560 $ 1 282,559  
Share-based compensation (in shares)   143,892    
Share based compensation 10,427 $ 1 10,426  
Net loss (128,066)     (128,066)
Ending balance (in shares) at Jun. 30, 2025   99,482,250    
Ending balance at Jun. 30, 2025 $ 445,627 $ 10 1,381,523 (935,906)
Beginning balance (in shares) at Dec. 31, 2025 144,961,796 144,961,796    
Beginning balance at Dec. 31, 2025 $ 534,303 $ 15 1,642,746 (1,108,458)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of Common Stock, net (in shares)   5,359,790    
Issuance of Common Stock, net 70,758 $ 1 70,757  
Share based compensation 13,828   13,828  
Net loss (197,026)     (197,026)
Ending balance (in shares) at Mar. 31, 2026   150,321,586    
Ending balance at Mar. 31, 2026 $ 421,863 $ 16 1,727,331 (1,305,484)
Beginning balance (in shares) at Dec. 31, 2025 144,961,796 144,961,796    
Beginning balance at Dec. 31, 2025 $ 534,303 $ 15 1,642,746 (1,108,458)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net loss $ (261,242)      
Ending balance (in shares) at Jun. 30, 2026 154,531,910 154,531,910    
Ending balance at Jun. 30, 2026 $ 395,000 $ 16 1,764,684 (1,369,700)
Beginning balance (in shares) at Mar. 31, 2026   150,321,586    
Beginning balance at Mar. 31, 2026 421,863 $ 16 1,727,331 (1,305,484)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of Common Stock, net (in shares)   1,640,844    
Issuance of Common Stock, net 21,924   21,924  
Share-based compensation (in shares)   2,569,480    
Share based compensation 15,429   15,429  
Net loss $ (64,216)     (64,216)
Ending balance (in shares) at Jun. 30, 2026 154,531,910 154,531,910    
Ending balance at Jun. 30, 2026 $ 395,000 $ 16 $ 1,764,684 $ (1,369,700)