Acquisitions and Licensing Agreements (Tables)

6 Months Ended

Jun. 30, 2026

Business Combination [Abstract]

Summary of Fair Values of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the identifiable assets acquired and liabilities assumed as of the Acquisition Date (in thousands):


		Amount
Assets acquired:
Cash and cash equivalents		$	14
Inventory			244
Prepaid expenses and other current assets			390
Property and software			175
Developed technology			25,400
In‑process research and development (IPR&D)			1,100
Operating lease right-of-use assets, net			255
Other non-current assets			57
Total assets acquired			27,635
Liabilities assumed:
Accounts payable			2,710
Accrued expenses and other current liabilities			2,717
Deferred revenue			270
Operating lease liability			109
Assumed contingent consideration liability			3,300
Deferred income tax liability			4,512
Other liabilities, non-current			205
Total liabilities assumed			13,823
Net assets acquired		$	13,812

Summary of Pro Forma Financial Information

The following pro forma combined financial information has been prepared to give effect to the Prolaio acquisition as if it had been consummated on January 1, 2024, and was prepared using the historical results of Kardigan and Prolaio for the three and six months ended June 30, 2025 (in thousands):


		Three Months Ended June 30,				Six Months Ended June 30,
		2025				2025
Net loss		$	(43,085	)		$	(73,604	)