v3.26.1
Condensed Statements of Stockholders’ Equity - USD ($)
$ in Thousands
Total
Public Stock Offering
At the Market
Common Stock
Common Stock
Public Stock Offering
Common Stock
At the Market
Additional 
Paid-In Capital
Additional 
Paid-In Capital
Public Stock Offering
Additional 
Paid-In Capital
At the Market
Accumulated 
Deficit
Beginning balance (in shares) at Dec. 31, 2024       49,821,915            
Beginning balance at Dec. 31, 2024 $ 191,257     $ 5     $ 493,770     $ (302,518)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock, net of offering costs (in shares)         14,907,406          
Issuance of common stock, net of offering costs   $ 188,741     $ 1     $ 188,740    
Issuance of common stock from stock option exercises (in shares)       146,907            
Issuance of common stock from stock option exercises 123           123      
Stock-based compensation 3,645           3,645      
Net loss (42,211)                 (42,211)
Ending balance (in shares) at Mar. 31, 2025       64,876,228            
Ending balance at Mar. 31, 2025 341,555     $ 6     686,278     (344,729)
Beginning balance (in shares) at Dec. 31, 2024       49,821,915            
Beginning balance at Dec. 31, 2024 191,257     $ 5     493,770     (302,518)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (85,485)                  
Ending balance (in shares) at Jun. 30, 2025       65,725,409            
Ending balance at Jun. 30, 2025 313,551     $ 6     701,548     (388,003)
Beginning balance (in shares) at Mar. 31, 2025       64,876,228            
Beginning balance at Mar. 31, 2025 341,555     $ 6     686,278     (344,729)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock, net of offering costs (in shares)           674,518        
Issuance of common stock, net of offering costs     $ 9,496           $ 9,496  
Issuance of common stock from stock option exercises (in shares)       161,059            
Issuance of common stock from stock option exercises 1,079           1,079      
Issuance of common stock for cash under employee stock purchase plan (in shares)       13,604            
Issuance of common stock for cash under employee stock purchase plan 142           142      
Stock-based compensation 4,553           4,553      
Net loss (43,274)                 (43,274)
Ending balance (in shares) at Jun. 30, 2025       65,725,409            
Ending balance at Jun. 30, 2025 $ 313,551     $ 6     701,548     (388,003)
Beginning balance (in shares) at Dec. 31, 2025 81,536,557     81,536,557            
Beginning balance at Dec. 31, 2025 $ 646,693     $ 8     1,103,854     (457,169)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock, net of offering costs (in shares)           568,320        
Issuance of common stock, net of offering costs     $ 20,187           $ 20,187  
Issuance of common stock from stock option exercises (in shares)       350,073            
Issuance of common stock from stock option exercises 4,055           4,055      
Stock-based compensation 6,548           6,548      
Net loss (39,339)                 (39,339)
Ending balance (in shares) at Mar. 31, 2026       82,454,950            
Ending balance at Mar. 31, 2026 $ 638,144     $ 8     1,134,644     (496,508)
Beginning balance (in shares) at Dec. 31, 2025 81,536,557     81,536,557            
Beginning balance at Dec. 31, 2025 $ 646,693     $ 8     1,103,854     (457,169)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss $ (280,410)                  
Ending balance (in shares) at Jun. 30, 2026 88,351,196     88,351,196            
Ending balance at Jun. 30, 2026 $ 550,917     $ 9     1,288,487     (737,579)
Beginning balance (in shares) at Mar. 31, 2026       82,454,950            
Beginning balance at Mar. 31, 2026 638,144     $ 8     1,134,644     (496,508)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock, net of offering costs (in shares)         5,660,378          
Issuance of common stock, net of offering costs   $ 143,581     $ 1     $ 143,580    
Issuance of common stock from stock option exercises (in shares)       223,148            
Issuance of common stock from stock option exercises 2,616           2,616      
Issuance of common stock for cash under employee stock purchase plan (in shares)       12,720            
Issuance of common stock for cash under employee stock purchase plan 292           292      
Stock-based compensation 7,355           7,355      
Net loss $ (241,071)                 (241,071)
Ending balance (in shares) at Jun. 30, 2026 88,351,196     88,351,196            
Ending balance at Jun. 30, 2026 $ 550,917     $ 9     $ 1,288,487     $ (737,579)