Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Compensation Related Costs [Abstract]

Summary of the RSU activity

A summary of the Company’s RSU activity for the three and six months ended June 30, 2026 is presented below:


		RSUs				Weighted-Average Grant Date Fair Value
Unvested as of December 31, 2025			3,889			$	38.94
Granted			402				24.34
Vested			(13	)			45.00
Canceled / forfeited			(116	)			30.24
Unvested as of March 31, 2026			4,162			$	37.77
Granted			1,101				35.00
Vested			(30	)			43.32
Canceled / forfeited			(73	)			36.03
Unvested as of June 30, 2026			5,160			$	36.97

Summary of stock option activity

The following table summarizes stock option activity during the three and six months ended June 30, 2026:


		Number of Options Outstanding				Weighted-Average Exercise Price				Weighted-Average Remaining Contractual Term
Balance, December 31, 2025			15,365			$	1.31				7.44
Options granted			—				—				—
Options exercised			(791	)			1.30				—
Options canceled			(165	)			1.42				—
Balance, March 31 , 2026			14,409			$	1.32				7.09
Options granted			—				—				—
Options exercised			(1,595	)			1.17				—
Options canceled			(245	)			1.15				—
Balance, June 30, 2026			12,569			$	1.34				7.02
Vested and exercisable			11,182			$	1.33				6.92
Unvested			1,387			$	1.05				7.82

Summary of stock-based compensation expense

Total stock-based compensation expense related to options and RSUs was allocated to research and development and general and administrative expense as follows:


		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2026				2025				2026				2025
Research and development		$	8,699			$	177			$	14,404			$	295
Selling, general and administrative			8,328				583				15,135				896
Total		$	17,027			$	760			$	29,539			$	1,191