v3.26.1
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Voting Common Stock
Common Stock
Non-voting Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Dec. 31, 2024 $ 131,459 $ 4 $ 1 $ 714,982 $ 35 $ (583,563)
Beginning balance (shares) at Dec. 31, 2024   42,298,859 12,850,259      
Issuance of common stock upon exercise of stock options & vesting of RSUs, net of shares withheld for employee taxes (5)     (5)    
Issuance of common stock upon exercise of stock options & vesting of RSUs, net of shares withheld for employee taxes, (shares)   5,516        
Issuance of common stock upon exercise of prefunded warrants   1,299,827        
Unrealized loss on marketable securities, net of tax (23)       (23)  
Stock-based compensation expense 3,832     3,832    
Net loss (32,085)         (32,085)
Ending balance at Mar. 31, 2025 103,178 $ 4 $ 1 718,809 12 (615,648)
Ending balance (shares) at Mar. 31, 2025   43,604,202 12,850,259      
Beginning balance at Dec. 31, 2024 131,459 $ 4 $ 1 714,982 35 (583,563)
Beginning balance (shares) at Dec. 31, 2024   42,298,859 12,850,259      
Net loss (63,316)          
Ending balance at Jun. 30, 2025 75,838 $ 4 $ 1 722,713 (1) (646,879)
Ending balance (shares) at Jun. 30, 2025   43,744,066 12,850,259      
Beginning balance at Mar. 31, 2025 103,178 $ 4 $ 1 718,809 12 (615,648)
Beginning balance (shares) at Mar. 31, 2025   43,604,202 12,850,259      
Issuance of common stock upon exercise of stock options & vesting of RSUs, net of shares withheld for employee taxes (2)     (2)    
Issuance of common stock upon exercise of stock options & vesting of RSUs, net of shares withheld for employee taxes, (shares)   6,020        
Issuance of common stock under ESPP 92     92    
Issuance of common stock under ESPP, Shares   133,844        
Unrealized loss on marketable securities, net of tax (13)       (13)  
Stock-based compensation expense 3,814     3,814    
Net loss (31,231)         (31,231)
Ending balance at Jun. 30, 2025 75,838 $ 4 $ 1 722,713 (1) (646,879)
Ending balance (shares) at Jun. 30, 2025   43,744,066 12,850,259      
Beginning balance at Dec. 31, 2025 68,637 $ 5 $ 1 751,684 8 (683,061)
Beginning balance (shares) at Dec. 31, 2025   48,225,493 14,728,135      
Issuance of common stock upon exercise of stock options & vesting of RSUs, net of shares withheld for employee taxes (20)     (20)    
Issuance of common stock upon exercise of stock options & vesting of RSUs, net of shares withheld for employee taxes, (shares)   64,594        
Unrealized loss on marketable securities, net of tax (49)       (49)  
Stock-based compensation expense 2,000     2,000    
Net loss (10,385)         (10,385)
Ending balance at Mar. 31, 2026 60,183 $ 5 $ 1 753,664 (41) (693,446)
Ending balance (shares) at Mar. 31, 2026   48,290,087 14,728,135      
Beginning balance at Dec. 31, 2025 68,637 $ 5 $ 1 751,684 8 (683,061)
Beginning balance (shares) at Dec. 31, 2025   48,225,493 14,728,135      
Net loss (24,306)          
Ending balance at Jun. 30, 2026 133,733 $ 7 $ 1 841,319 (227) (707,367)
Ending balance (shares) at Jun. 30, 2026   65,028,996 14,728,135      
Beginning balance at Mar. 31, 2026 60,183 $ 5 $ 1 753,664 (41) (693,446)
Beginning balance (shares) at Mar. 31, 2026   48,290,087 14,728,135      
Issuance of common stock and prefunded warrants, net of issuance costs of $4,556.5 thousand 85,443 $ 2   85,441    
Issuance of common stock and prefunded warrants, net of issuance costs of $4,556.5 thousand (shares)   16,611,014        
Issuance of common stock upon exercise of stock options & vesting of RSUs, net of shares withheld for employee taxes 72     72    
Issuance of common stock upon exercise of stock options & vesting of RSUs, net of shares withheld for employee taxes, (shares)   78,119        
Issuance of common stock under ESPP 115     115    
Issuance of common stock under ESPP, Shares   49,776        
Unrealized loss on marketable securities, net of tax (186)       (186)  
Stock-based compensation expense       2,027    
Net loss (13,921)         (13,921)
Ending balance at Jun. 30, 2026 $ 133,733 $ 7 $ 1 $ 841,319 $ (227) $ (707,367)
Ending balance (shares) at Jun. 30, 2026   65,028,996 14,728,135