v3.26.3
Segment Information (FY) - Segment Information (Details) - Reportable Segment - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]            
Collaboration revenue $ 21,000 $ 0 $ 21,000 $ 0 $ 0 $ 1,885
Clinical development 3,047 5,710 6,690 10,039 19,187 16,361
Research and discovery 1,028 3,537 3,183 6,856 12,660 14,389
General and administrative support 6,678 3,486 11,250 7,309 12,428 14,330
Manufacturing 218 2,610 1,792 6,698 8,523 19,759
Other segment expenses 2,871 2,199 4,198 4,631 7,879 10,640
Interest income 277 850 710 1,847 3,108 6,673
Interest expense (475) (1,301) (1,843) (2,564) (5,274) (4,656)
Loss on extinguishment of debt (3,354) 0 (3,354) 0 0 (553)
Other income, net 64 11 738 179 2,021 1,615
Net loss $ 3,670 $ (17,982) $ (9,862) $ (36,071) $ (60,822) $ (70,515)