v3.26.1
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
ATM Program
Common Stock
Equity Offering
Common Stock
Additional Paid-in Capital
ATM Program
Additional Paid-in Capital
Equity Offering
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
ATM Program
Equity Offering
Total
Balance at the beginning at Dec. 31, 2024     $ 4     $ 699,651 $ 194 $ (387,391)     $ 312,458
Balance at beginning (in shares) at Dec. 31, 2024     41,793,412                
Changes in Stockholders' Equity (Deficit)                      
Exercises of common stock options           99         99
Exercises of common stock options (in shares)     28,475                
Stock-based compensation expense           5,386         5,386
Unrealized gain (loss) on investments             12       12
Foreign currency translation adjustment             (65)       (65)
Net loss               (33,573)     (33,573)
Balance at end at Mar. 31, 2025     $ 4     705,136 141 (420,964)     284,317
Balance at end (in shares) at Mar. 31, 2025     41,821,887                
Balance at the beginning at Dec. 31, 2024     $ 4     699,651 194 (387,391)     312,458
Balance at beginning (in shares) at Dec. 31, 2024     41,793,412                
Changes in Stockholders' Equity (Deficit)                      
Unrealized gain (loss) on investments                     42
Foreign currency translation adjustment                     (330)
Net loss                     (85,796)
Balance at end at Jun. 30, 2025     $ 4     712,903 (94) (473,187)     239,626
Balance at end (in shares) at Jun. 30, 2025     42,088,697                
Balance at the beginning at Mar. 31, 2025     $ 4     705,136 141 (420,964)     284,317
Balance at beginning (in shares) at Mar. 31, 2025     41,821,887                
Changes in Stockholders' Equity (Deficit)                      
Exercises of common stock options           1,722         1,722
Exercises of common stock options (in shares)     266,810                
Stock-based compensation expense           6,045         6,045
Unrealized gain (loss) on investments             30       30
Foreign currency translation adjustment             (265)       (265)
Net loss               (52,223)     (52,223)
Balance at end at Jun. 30, 2025     $ 4     712,903 (94) (473,187)     239,626
Balance at end (in shares) at Jun. 30, 2025     42,088,697                
Balance at the beginning at Dec. 31, 2025     $ 5     1,007,331 (64) (765,128)     242,144
Balance at beginning (in shares) at Dec. 31, 2025     54,485,518                
Changes in Stockholders' Equity (Deficit)                      
Exercises of common stock options           367         367
Exercises of common stock options (in shares)     25,767                
Issuance of common stock   $ 1   $ 71,186 $ 93,644       $ 71,186 $ 93,645  
Issuance of common stock (in shares) 2,827,723 5,000,000                  
Stock-based compensation expense           9,195         9,195
Purchases of common stock under the employee Stock purchase plan           592         592
Purchases of common stock under the Employee stock purchase plan (in shares)     44,369                
Unrealized gain (loss) on investments             (341)       (341)
Foreign currency translation adjustment             28       28
Net loss               (80,987)     (80,987)
Balance at end at Mar. 31, 2026     $ 6     1,182,315 (377) (846,115)     335,829
Balance at end (in shares) at Mar. 31, 2026     62,383,377                
Balance at the beginning at Dec. 31, 2025     $ 5     1,007,331 (64) (765,128)     $ 242,144
Balance at beginning (in shares) at Dec. 31, 2025     54,485,518                
Changes in Stockholders' Equity (Deficit)                      
Exercises of common stock options (in shares)                     103,592
Unrealized gain (loss) on investments                     $ (1,121)
Foreign currency translation adjustment                     44
Net loss                     (192,443)
Balance at end at Jun. 30, 2026     $ 6     1,205,803 (1,141) (957,571)     247,097
Balance at end (in shares) at Jun. 30, 2026     63,330,747                
Balance at the beginning at Mar. 31, 2026     $ 6     1,182,315 (377) (846,115)     335,829
Balance at beginning (in shares) at Mar. 31, 2026     62,383,377                
Changes in Stockholders' Equity (Deficit)                      
Exercises of common stock options           806         806
Exercises of common stock options (in shares)     77,825                
Vesting of restricted stock units (in shares)     119,545                
Issuance of common stock         $ 14,063         $ 14,063  
Issuance of common stock (in shares)   750,000                  
Stock-based compensation expense           8,619         8,619
Unrealized gain (loss) on investments             (780)       (780)
Foreign currency translation adjustment             16       16
Net loss               (111,456)     (111,456)
Balance at end at Jun. 30, 2026     $ 6     $ 1,205,803 $ (1,141) $ (957,571)     $ 247,097
Balance at end (in shares) at Jun. 30, 2026     63,330,747