v3.26.3
Unaudited Consolidated Statements of Series A Preferred Stock and Stockholders' Equity - USD ($)
$ in Thousands
Total
At-The-Market Equity Program [Member]
Series A Preferred Stock [Member]
Common Stock [Member]
Common Stock [Member]
At-The-Market Equity Program [Member]
Additional Paid-In-Capital [Member]
Accumulated Other Comprehensive Loss [Member]
Accumulated Deficit [Member]
Beginning balance at Dec. 31, 2024 $ 209,515     $ 1,175,181   $ 156,454 $ (262) $ (1,121,858)
Beginning balance, shares at Dec. 31, 2024       153,037,286        
Temporary equity, Beginning balance at Dec. 31, 2024     $ 7,874          
Temporary equity, Beginning balance, shares at Dec. 31, 2024     3,901,348          
Issuance of common stock pursuant to the "at-the-market" equity program, net   $ 1,262     $ 1,262      
Issuance of common stock pursuant to the "at-the-market" equity program, net, shares         97,375      
Stock-based compensation 4,953         4,953    
Vesting of RSUs, shares       18,019        
Option exercises 2,451     $ 2,451        
Option exercises, shares       853,881        
Issuance of common stock under the ESPP 442     $ 442        
Issuance of common stock under the ESPP, shares       86,752        
Other comprehensive income (loss) 58           58  
Net Income (Loss) (46,878)             (46,878)
Ending balance at Mar. 31, 2025 171,803     $ 1,179,336   161,407 (204) (1,168,736)
Ending balance, shares at Mar. 31, 2025       154,093,313        
Temporary equity, Ending balance at Mar. 31, 2025     $ 7,874          
Temporary equity, Ending balance, shares at Mar. 31, 2025     3,901,348          
Beginning balance at Dec. 31, 2024 209,515     $ 1,175,181   156,454 (262) (1,121,858)
Beginning balance, shares at Dec. 31, 2024       153,037,286        
Temporary equity, Beginning balance at Dec. 31, 2024     $ 7,874          
Temporary equity, Beginning balance, shares at Dec. 31, 2024     3,901,348          
Net Income (Loss) (151,199)              
Ending balance at Sep. 30, 2025 124,549     $ 1,223,721   174,075 (190) (1,273,057)
Ending balance, shares at Sep. 30, 2025       160,288,481        
Temporary equity, Ending balance at Sep. 30, 2025     $ 7,874          
Temporary equity, Ending balance, shares at Sep. 30, 2025     3,901,348          
Beginning balance at Mar. 31, 2025 171,803     $ 1,179,336   161,407 (204) (1,168,736)
Beginning balance, shares at Mar. 31, 2025       154,093,313        
Temporary equity, Beginning balance at Mar. 31, 2025     $ 7,874          
Temporary equity, Beginning balance, shares at Mar. 31, 2025     3,901,348          
Issuance of common stock pursuant to the "at-the-market" equity program, net   11,099     $ 11,099      
Issuance of common stock pursuant to the "at-the-market" equity program, net, shares         1,388,934      
Stock-based compensation 6,196         6,196    
Vesting of RSUs, shares       40,270        
Option exercises 594     $ 594        
Option exercises, shares       150,775        
Other comprehensive income (loss) 43           43  
Net Income (Loss) (50,469)             (50,469)
Ending balance at Jun. 30, 2025 139,266     $ 1,191,029   167,603 (161) (1,219,205)
Ending balance, shares at Jun. 30, 2025       155,673,292        
Temporary equity, Ending balance at Jun. 30, 2025     $ 7,874          
Temporary equity, Ending balance, shares at Jun. 30, 2025     3,901,348          
Issuance of common stock pursuant to the "at-the-market" equity program, net   $ 30,212     $ 30,212      
Issuance of common stock pursuant to the "at-the-market" equity program, net, shares         3,934,128      
Stock-based compensation 6,472         6,472    
Vesting of RSUs, shares       156,996        
Option exercises 2,041     $ 2,041        
Option exercises, shares       458,196        
Issuance of common stock under the ESPP 439     $ 439        
Issuance of common stock under the ESPP, shares       65,869        
Other comprehensive income (loss) (29)           (29)  
Net Income (Loss) (53,852)             (53,852)
Ending balance at Sep. 30, 2025 124,549     $ 1,223,721   174,075 (190) (1,273,057)
Ending balance, shares at Sep. 30, 2025       160,288,481        
Temporary equity, Ending balance at Sep. 30, 2025     $ 7,874          
Temporary equity, Ending balance, shares at Sep. 30, 2025     3,901,348          
Beginning balance at Dec. 31, 2025 518,357     $ 1,616,478   228,365 (250) (1,326,236)
Beginning balance, shares at Dec. 31, 2025       187,660,263        
Temporary equity, Beginning balance at Dec. 31, 2025 $ 7,874   $ 7,874          
Temporary equity, Beginning balance, shares at Dec. 31, 2025 3,901,348   3,901,348          
Conversion of Series A preferred stock to common stock $ 7,874   $ (7,874) $ 7,874        
Conversion of Series A preferred stock to common stock, shares     (3,901,348) 3,901,348        
Stock-based compensation 9,063         9,063    
Vesting of RSUs, shares       242,509        
Option exercises 1,934     $ 1,934        
Option exercises, shares       442,967        
Issuance of common stock under the ESPP 593     $ 593        
Issuance of common stock under the ESPP, shares       90,479        
Other comprehensive income (loss) (4)           (4)  
Net Income (Loss) (26,087)             (26,087)
Ending balance at Mar. 31, 2026 511,730     $ 1,626,879   237,428 (254) (1,352,323)
Ending balance, shares at Mar. 31, 2026       192,337,566        
Temporary equity, Ending balance at Mar. 31, 2026     $ 0          
Temporary equity, Ending balance, shares at Mar. 31, 2026     0          
Beginning balance at Dec. 31, 2025 518,357     $ 1,616,478   228,365 (250) (1,326,236)
Beginning balance, shares at Dec. 31, 2025       187,660,263        
Temporary equity, Beginning balance at Dec. 31, 2025 $ 7,874   $ 7,874          
Temporary equity, Beginning balance, shares at Dec. 31, 2025 3,901,348   3,901,348          
Net Income (Loss) $ (157,354)              
Ending balance at Sep. 30, 2026 401,936     $ 197   1,885,894 (565) (1,483,590)
Ending balance, shares at Sep. 30, 2026       197,213,583        
Temporary equity, Ending balance at Sep. 30, 2026 $ 0   $ 0          
Temporary equity, Ending balance, shares at Sep. 30, 2026 0   0          
Beginning balance at Mar. 31, 2026 $ 511,730     $ 1,626,879   237,428 (254) (1,352,323)
Beginning balance, shares at Mar. 31, 2026       192,337,566        
Temporary equity, Beginning balance at Mar. 31, 2026     $ 0          
Temporary equity, Beginning balance, shares at Mar. 31, 2026     0          
Conversion of Series A preferred stock to common stock, shares       822,638        
Stock-based compensation 10,733         10,733    
Vesting of RSUs, shares       40,949        
Option exercises 330     $ 330        
Option exercises, shares       76,469        
Other comprehensive income (loss) 82           82  
Net Income (Loss) (69,355)             (69,355)
Ending balance at Jun. 30, 2026 453,520     $ 1,627,209   248,161 (172) (1,421,678)
Ending balance, shares at Jun. 30, 2026       193,277,622        
Temporary equity, Ending balance at Jun. 30, 2026     $ 0          
Temporary equity, Ending balance, shares at Jun. 30, 2026     0          
Conversion of Series A preferred stock to common stock, shares       3,683,883        
Exchange of ordinary shares for shares of common stock due to the Redomiciliation       $ (1,627,394)   1,627,394    
Stock-based compensation 10,288         10,288    
Vesting of RSUs, shares       166,370        
Option exercises 88     $ 37   51    
Option exercises, shares       19,562        
Issuance of common stock under the ESPP 345     $ 345        
Issuance of common stock under the ESPP, shares       66,146        
Other comprehensive income (loss) (393)           (393)  
Net Income (Loss) (61,912)             (61,912)
Ending balance at Sep. 30, 2026 401,936     $ 197   $ 1,885,894 $ (565) $ (1,483,590)
Ending balance, shares at Sep. 30, 2026       197,213,583        
Temporary equity, Ending balance at Sep. 30, 2026 $ 0   $ 0          
Temporary equity, Ending balance, shares at Sep. 30, 2026 0   0