v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 14,285 $ 11,786 $ 28,029 $ 23,090
Operating costs and expenses:        
Cost of product revenue [1] 1,273 685 2,305 1,519
Research and development [2] 29,367 9,573 60,098 20,214
Selling, general and administrative 29,465 16,588 54,582 33,339
Total operating costs and expenses 60,105 26,846 116,985 55,072
Loss from operations (45,820) (15,060) (88,956) (31,982)
Other income:        
Other income, net [3] 1,427 400 3,163 1,033
Total other income, net 1,427 400 3,163 1,033
Net loss (44,393) (14,660) (85,793) (30,949)
Other comprehensive income (loss)        
Unrealized gain (loss), net of tax 2 (26) 6 (34)
Comprehensive loss $ (44,391) $ (14,686) $ (85,787) $ (30,983)
Net loss per share attributable to common stockholders, basic $ (0.14) $ (0.12) $ (0.27) $ (0.26)
Net loss per share attributable to common stockholders,diluted $ (0.14) $ (0.12) $ (0.27) $ (0.26)
Weighted-average common shares outstanding, basic 320,435,078 120,016,132 315,082,327 119,950,172
Weighted-average common shares outstanding, diluted 320,435,078 120,016,132 315,082,327 119,950,172
Product revenue        
Revenue:        
Total revenue $ 14,285 $ 11,786 $ 28,029 $ 23,090
[1] Includes related-party amounts of $571 and $1,121 for the three and six months ended June 30, 2026, respectively, and $472 and $924 for the three and six months ended June 30, 2025, respectively (see Note 15).
[2] Includes related-party amounts of $1,129 and $2,255 for the three and six months ended June 30, 2026, respectively, and $1,140 and $2,268 for the three and six months ended June 30, 2025, respectively (see Note 15).
[3] Includes interest income of $1,503 and $405 for the three months ended June 30, 2026 and 2025, respectively, and interest income of $3,246 and $1,033 for the six months ended June 30, 2026 and 2025, respectively.