v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
At-the-market Offering
Common Stock
Common Stock
At-the-market Offering
Additional Paid-In Capital
Additional Paid-In Capital
At-the-market Offering
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning Balance at Dec. 31, 2024 $ 176,786   $ 31   $ 373,284   $ 447 $ (196,976)
Beginning Balance, Shares at Dec. 31, 2024     31,231,264          
Exercise of common stock options 1       1      
Exercise of common stock options, Shares     225          
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for tax (344)       (344)      
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for tax, Shares     120,578          
Stock-based compensation expense 3,791       3,791      
Unrealized loss on available-for-sale investments, net of tax (164)           (164)  
Net loss (19,680)             (19,680)
Ending Balance at Mar. 31, 2025 160,390   $ 31   376,732   283 (216,656)
Ending Balance, Shares at Mar. 31, 2025     31,352,067          
Beginning Balance at Dec. 31, 2024 176,786   $ 31   373,284   447 (196,976)
Beginning Balance, Shares at Dec. 31, 2024     31,231,264          
Unrealized loss on available-for-sale investments, net of tax (341)              
Net loss (40,686)              
Ending Balance at Jun. 30, 2025 143,037   $ 31   380,562   106 (237,662)
Ending Balance, Shares at Jun. 30, 2025     31,449,744          
Beginning Balance at Mar. 31, 2025 160,390   $ 31   376,732   283 (216,656)
Beginning Balance, Shares at Mar. 31, 2025     31,352,067          
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for tax (97)       (97)      
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for tax, Shares     97,677          
Stock-based compensation expense 3,927       3,927      
Unrealized loss on available-for-sale investments, net of tax (177)           (177)  
Net loss (21,006)             (21,006)
Ending Balance at Jun. 30, 2025 143,037   $ 31   380,562   106 (237,662)
Ending Balance, Shares at Jun. 30, 2025     31,449,744          
Beginning Balance at Dec. 31, 2025 112,516   $ 31   387,255   111 (274,881)
Beginning Balance, Shares at Dec. 31, 2025     31,648,856          
Issuance of common stock upon exercise of pre-funded warrants     $ 7   (7)      
Issuance of common stock upon exercise of pre-funded warrants, shares     7,056,101          
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for tax (33)       (33)      
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for tax, Shares     40,075          
Stock-based compensation expense 2,181       2,181      
Unrealized loss on available-for-sale investments, net of tax (107)           (107)  
Net loss (19,042)             (19,042)
Ending Balance at Mar. 31, 2026 95,515   $ 38   389,396   4 (293,923)
Ending Balance, Shares at Mar. 31, 2026     38,745,032          
Beginning Balance at Dec. 31, 2025 $ 112,516   $ 31   387,255   111 (274,881)
Beginning Balance, Shares at Dec. 31, 2025     31,648,856          
Exercise of common stock options, Shares 8,110              
Unrealized loss on available-for-sale investments, net of tax $ (144)              
Net loss (37,006)              
Ending Balance at Jun. 30, 2026 86,665   $ 42   398,543   (33) (311,887)
Ending Balance, Shares at Jun. 30, 2026     42,847,215          
Beginning Balance at Mar. 31, 2026 95,515   $ 38   389,396   4 (293,923)
Beginning Balance, Shares at Mar. 31, 2026     38,745,032          
Issuance of common stock under at-the-market offering, net of issuance costs   $ 6,963   $ 4   $ 6,959    
Issuance of common stock under at-the-market offering, net of issuance costs, Shares       4,054,954        
Exercise of common stock options 8       8      
Exercise of common stock options, Shares     8,110          
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for tax (34)       (34)      
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for tax, Shares     39,119          
Stock-based compensation expense 2,214       2,214      
Unrealized loss on available-for-sale investments, net of tax (37)           (37)  
Net loss (17,964)             (17,964)
Ending Balance at Jun. 30, 2026 $ 86,665   $ 42   $ 398,543   $ (33) $ (311,887)
Ending Balance, Shares at Jun. 30, 2026     42,847,215