Income Taxes - Deferred tax assets and liabilities (Details) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|---|
| Deferred Tax Assets: | |||
| Net operating loss carryforwards | $ 44,153 | $ 74,889 | $ 64,729 |
| Section 174 Capitalized R&D | 34,768 | 47,187 | 30,532 |
| Interest | 22,882 | 33,781 | 0 |
| Research and development credits | 31,202 | 32,698 | 19,046 |
| Equity compensation | 15,669 | 14,812 | 13,000 |
| Other, net | 11,271 | 11,863 | 21,229 |
| Total deferred tax assets | 159,945 | 215,230 | 148,536 |
| Deferred Tax Liabilities: | |||
| Royalty monetization | (26,246) | (19,670) | 0 |
| Other, net | (2,777) | (2,922) | (6,347) |
| Total deferred tax liabilities | (29,023) | (22,592) | (6,347) |
| Net deferred tax assets | 130,922 | 192,638 | 142,189 |
| Less: valuation allowance | (24,283) | (192,638) | (142,189) |
| Deferred tax assets, net of valuation allowance | $ 106,639 | $ 0 | $ 0 |
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- Definition Deferred Tax Assets, Net, Before Valuation Allowance No definition available.
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- Definition Deferred Tax Assets, Research And Development No definition available.
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- Definition Deferred Tax Liabilities Royalty Monetization No definition available.
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible interest carryforward. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible research tax credit carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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