v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock [Member]
Market Offering [Member]
Common Stock [Member]
Registered Direct Offering
Common Stock [Member]
Additional Paid-In Capital [Member]
Market Offering [Member]
Additional Paid-In Capital [Member]
Registered Direct Offering
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss
Market Offering [Member]
Registered Direct Offering
Total
Beginning Balance at Dec. 31, 2024     $ 7     $ 689,864 $ (561,390) $ (4,973)     $ 123,508
Beginning Balance (in shares) at Dec. 31, 2024     72,352,701                
Stock-based compensation           4,015         4,015
Exercise of stock options           4         4
Exercise of stock options (in shares)     1,250                
Vesting of restricted stock awards including withholding, net           (678)         (678)
Vesting of restricted stock awards including withholding, net (in shares)     165,259                
Issuance of common stock from Employee Stock Purchase Plan           170         170
Issuance of common stock from Employee Stock Purchase Plan (in shares)     32,872                
Issuance of common stock $ 1     $ 34,747         $ 34,748    
Issuance of common stock (in shares) 5,273,368                    
Unrealized (loss) gain on investments               (30)     (30)
Net loss             (19,575)       (19,575)
Ending Balance at Mar. 31, 2025     $ 8     728,122 (580,965) (5,003)     142,162
Ending Balance (in shares) at Mar. 31, 2025     77,825,450                
Beginning Balance at Dec. 31, 2024     $ 7     689,864 (561,390) (4,973)     123,508
Beginning Balance (in shares) at Dec. 31, 2024     72,352,701                
Unrealized (loss) gain on investments                     (66)
Net loss                     (41,721)
Ending Balance at Jun. 30, 2025     $ 9     769,508 (603,111) (5,039)     161,367
Ending Balance (in shares) at Jun. 30, 2025     85,076,300                
Beginning Balance at Mar. 31, 2025     $ 8     728,122 (580,965) (5,003)     142,162
Beginning Balance (in shares) at Mar. 31, 2025     77,825,450                
Stock-based compensation           3,566         3,566
Exercise of stock options           4         4
Exercise of stock options (in shares)     1,667                
Vesting of restricted stock awards including withholding, net           (6)         (6)
Vesting of restricted stock awards including withholding, net (in shares)     2,621                
Issuance of common stock $ 1     37,822         37,823    
Issuance of common stock (in shares) 7,246,562                    
Unrealized (loss) gain on investments               (36)     (36)
Net loss             (22,146)       (22,146)
Ending Balance at Jun. 30, 2025     $ 9     769,508 (603,111) (5,039)     161,367
Ending Balance (in shares) at Jun. 30, 2025     85,076,300                
Beginning Balance at Dec. 31, 2025     $ 11     879,292 (649,483) (4,928)     224,892
Beginning Balance (in shares) at Dec. 31, 2025     110,882,735                
Stock-based compensation           3,378         3,378
Exercise of stock options           13         13
Exercise of stock options (in shares)     4,458                
Vesting of restricted stock awards including withholding, net           (695)         (695)
Vesting of restricted stock awards including withholding, net (in shares)     209,537                
Issuance of common stock from Employee Stock Purchase Plan           177         177
Issuance of common stock from Employee Stock Purchase Plan (in shares)     57,801                
Issuance of common stock   $ 1   $ 8,742 $ 51,059       $ 8,742 $ 51,060  
Issuance of common stock (in shares) 2,021,169 12,397,920                  
Issuance of common stock upon exercise of pre-funded warrants     $ 1     19,278         19,279
Issuance of common stock upon exercise of pre-funded warrants (in shares)     4,647,534                
Unrealized (loss) gain on investments               (296)     (296)
Net loss             (22,563)       (22,563)
Ending Balance at Mar. 31, 2026     $ 13     961,244 (672,046) (5,224)     283,987
Ending Balance (in shares) at Mar. 31, 2026     130,221,154                
Beginning Balance at Dec. 31, 2025     $ 11     879,292 (649,483) (4,928)     $ 224,892
Beginning Balance (in shares) at Dec. 31, 2025     110,882,735                
Exercise of stock options (in shares)                     7,458
Unrealized (loss) gain on investments                     $ (1,110)
Net loss                     (45,388)
Ending Balance at Jun. 30, 2026     $ 19     1,175,098 (694,871) (6,038)     474,208
Ending Balance (in shares) at Jun. 30, 2026     194,474,154                
Beginning Balance at Mar. 31, 2026     $ 13     961,244 (672,046) (5,224)     283,987
Beginning Balance (in shares) at Mar. 31, 2026     130,221,154                
Stock-based compensation           2,788         2,788
Exercise of stock options           9         9
Exercise of stock options (in shares)     3,000                
Issuance of common stock     $ 6     180,757         180,763
Issuance of common stock (in shares)     64,250,000                
Issuance of pre-funded warrants in public offering, net           30,300         30,300
Unrealized (loss) gain on investments               (814)     (814)
Net loss             (22,825)       (22,825)
Ending Balance at Jun. 30, 2026     $ 19     $ 1,175,098 $ (694,871) $ (6,038)     $ 474,208
Ending Balance (in shares) at Jun. 30, 2026     194,474,154