v3.26.1
Condensed Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2024 $ 469,852 $ 53 $ 660,604 $ (190,780) $ (25)
Beginning balance, shares at Dec. 31, 2024   53,603,398      
Issuance of common stock under stock plans, shares   37,497      
Stock-based compensation expense 2,635   2,635    
Unrealized gain (loss) on available-for-sale securities, net of tax 393       393
Net loss (27,270)     (27,270)  
Ending balance at Mar. 31, 2025 445,610 $ 53 663,239 (218,050) 368
Ending balance, shares at Mar. 31, 2025   53,640,895      
Beginning balance at Dec. 31, 2024 469,852 $ 53 660,604 (190,780) (25)
Beginning balance, shares at Dec. 31, 2024   53,603,398      
Unrealized gain (loss) on available-for-sale securities, net of tax 283        
Net loss (67,236)        
Ending balance at Jun. 30, 2025 408,743 $ 54 666,447 (258,016) 258
Ending balance, shares at Jun. 30, 2025   53,798,151      
Beginning balance at Mar. 31, 2025 445,610 $ 53 663,239 (218,050) 368
Beginning balance, shares at Mar. 31, 2025   53,640,895      
Issuance of common stock under stock plans 612 $ 1 611    
Issuance of common stock under stock plans, shares   157,256      
Stock-based compensation expense 2,597   2,597    
Unrealized gain (loss) on available-for-sale securities, net of tax (110)       (110)
Net loss (39,966)     (39,966)  
Ending balance at Jun. 30, 2025 408,743 $ 54 666,447 (258,016) 258
Ending balance, shares at Jun. 30, 2025   53,798,151      
Beginning balance at Dec. 31, 2025 339,771 $ 54 673,410 (334,223) 530
Beginning balance, shares at Dec. 31, 2025   54,237,750      
Issuance of common stock under stock plans 598   598    
Issuance of common stock under stock plans, shares   182,236      
Stock-based compensation expense 4,647   4,647    
Unrealized gain (loss) on available-for-sale securities, net of tax (430)       (430)
Net loss (40,591)     (40,591)  
Ending balance at Mar. 31, 2026 303,995 $ 54 678,655 (374,814) 100
Ending balance, shares at Mar. 31, 2026   54,419,986      
Beginning balance at Dec. 31, 2025 339,771 $ 54 673,410 (334,223) 530
Beginning balance, shares at Dec. 31, 2025   54,237,750      
Unrealized gain (loss) on available-for-sale securities, net of tax (653)        
Net loss (80,293)        
Ending balance at Jun. 30, 2026 270,957 $ 54 685,542 (414,516) 123
Ending balance, shares at Jun. 30, 2026   54,771,041      
Beginning balance at Mar. 31, 2026 303,995 $ 54 678,655 (374,814) 100
Beginning balance, shares at Mar. 31, 2026   54,419,986      
Issuance of common stock in connection with at-the-market program, net of commissions 2,083   2,083    
Issuance of common stock in connection with at-the-market program, net of commissions, shares   239,797      
Issuance of common stock under stock plans 450   450    
Issuance of common stock under stock plans, shares   111,258      
Stock-based compensation expense 4,354   4,354    
Unrealized gain (loss) on available-for-sale securities, net of tax (223)       (223)
Net loss (39,702)     (39,702)  
Ending balance at Jun. 30, 2026 $ 270,957 $ 54 $ 685,542 $ (414,516) $ 123
Ending balance, shares at Jun. 30, 2026   54,771,041