| Schedule of Operations for Reportable Segment |
The following table presents the operations for the reportable segment for the three and six months ended June 30, 2026 and 2025 (in thousands):
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Research and development - external expenses(1) |
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$ |
34,847 |
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|
$ |
31,278 |
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|
$ |
58,668 |
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|
$ |
65,776 |
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Research and development - personnel |
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|
6,952 |
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|
8,376 |
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|
14,362 |
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|
|
17,422 |
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General and administrative - personnel |
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|
2,686 |
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|
|
2,153 |
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|
5,603 |
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|
4,493 |
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Other general and administrative expenses(2) |
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|
7,389 |
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|
|
5,174 |
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|
|
14,599 |
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|
|
11,080 |
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Depreciation expense |
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|
540 |
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|
|
540 |
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|
1,079 |
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|
|
1,077 |
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Stock-based compensation |
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|
4,813 |
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|
4,205 |
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|
8,969 |
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|
9,283 |
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Total operating expense |
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|
57,227 |
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|
51,726 |
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|
|
103,280 |
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|
|
109,131 |
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Loss from operations |
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|
(57,227 |
) |
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(51,726 |
) |
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|
(103,280 |
) |
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|
(109,131 |
) |
Interest and other income, net |
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|
1,879 |
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|
|
2,570 |
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|
|
3,790 |
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|
|
5,619 |
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Consolidated segment net loss |
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$ |
(55,348 |
) |
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$ |
(49,156 |
) |
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$ |
(99,490 |
) |
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$ |
(103,512 |
) |
__________________ (1) Research and development - external expenses include program expenses, other non-program specific expenses and other research expenses. (2) Other general and administrative expenses include consulting and professional services fees for business development, legal, accounting, tax, and facilities costs.
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