v3.26.1
Segment Reporting - Summary of Reconciliation to Net Loss (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment expenses:            
Total operating expenses $ 43,128,000   $ 27,186,000   $ 74,004,000 $ 63,750,000
Reconciling items:            
Depreciation and amortization (2,732,000)   (2,331,000)   (5,072,000) (4,630,000)
Share-based compensation (1,865,000)   (2,053,000)   (3,763,000) (4,887,000)
Impairment of property and equipment (5,670,000)   0   (5,670,000) 0
Impairment of right-of-use asset (2,378,000)   0   (2,378,000) 0
Interest income 2,538,000   3,970,000   5,376,000 8,346,000
Other income, net 222,000   239,000   428,000 444,000
Net loss (40,368,000) $ (27,832,000) (22,977,000) $ (31,983,000) (68,200,000) (54,960,000)
Segment            
Segment expenses:            
Personnel related expenses, excluding share-based compensation [1] 8,628,000   7,718,000   17,395,000 23,615,000
Facilities expenses 4,476,000   4,771,000   8,869,000 9,336,000
Direct external development program expenses 10,997,000   4,850,000   18,476,000 10,270,000
Other segment expenses [2] 6,382,000   5,463,000   12,381,000 11,012,000
Total operating expenses 30,483,000   22,802,000   57,121,000 54,233,000
Reconciling items:            
Net loss $ (30,483,000)   $ (22,802,000)   $ (57,121,000) $ (54,233,000)
[1] Personnel related expenses include ($0.1) million and $5.0 million of severance and other benefits expense for the three and six months ended June 30, 2025, respectively.
[2] Other segment items include consultants and contractor, lab supplies, and general business expenses.