v3.26.3
Condensed Statements of Stockholders' Deficit (Unaudited) - USD ($)
$ in Thousands
Total
Underwritten Public Offering
Common Stock
Common Stock
Underwritten Public Offering
Treasury Stock
Additional Paid-in Capital
Additional Paid-in Capital
Underwritten Public Offering
Accumulated Deficit
Beginning balance at Dec. 31, 2024 $ (253,580)   $ 6     $ 1,009,425   $ (1,263,011)
Beginning balance, shares at Dec. 31, 2024     68,518,238          
Beginning balance, shares at Dec. 31, 2024 19              
401(k) matching contribution $ 2,127         2,127    
401(k) matching contribution, shares     290,165          
Vesting of restricted stock units and performance stock units, net of employee tax obligations, shares     508,568          
Stock-based compensation 5,540         5,540    
ESPP shares issued 1,853         1,853    
ESPP shares issued, shares     321,099          
Net loss (94,316)             (94,316)
Ending balance at Mar. 31, 2025 $ (338,376)   $ 6     1,018,945   (1,357,327)
Ending balance, shares at Mar. 31, 2025     69,638,070          
Ending balance, shares at Mar. 31, 2025 19              
Beginning balance at Dec. 31, 2024 $ (253,580)   $ 6     1,009,425   (1,263,011)
Beginning balance, shares at Dec. 31, 2024     68,518,238          
Beginning balance, shares at Dec. 31, 2024 19              
401(k) matching contribution, shares 616,377              
Net loss $ (200,099)              
Ending balance at Sep. 30, 2025 (422,534)   $ 6     1,040,570   (1,463,110)
Ending balance, shares at Sep. 30, 2025     71,043,149          
Ending balance, shares at Sep. 30, 2025         19      
Beginning balance at Mar. 31, 2025 $ (338,376)   $ 6     1,018,945   (1,357,327)
Beginning balance, shares at Mar. 31, 2025     69,638,070          
Beginning balance, shares at Mar. 31, 2025 19              
Vesting of restricted stock units and performance stock units, net of employee tax obligations, shares     456,677          
Stock-based compensation $ 8,272         8,272    
Issuance of common stock from exercises of stock options 80         80    
Issuance of common stock from exercises of stock options, shares     9,672          
Net loss (75,810)             (75,810)
Ending balance at Jun. 30, 2025 $ (405,834)   $ 6     1,027,297   (1,433,137)
Ending balance, shares at Jun. 30, 2025     70,104,419          
Ending balance, shares at Jun. 30, 2025 19              
401(k) matching contribution $ 3,131         3,131    
401(k) matching contribution, shares     326,212          
Vesting of restricted stock units and performance stock units, net of employee tax obligations (564)         (564)    
Vesting of restricted stock units and performance stock units, net of employee tax obligations, shares     392,592          
Stock-based compensation 9,297         9,297    
ESPP shares issued 1,116         1,116    
ESPP shares issued, shares     184,194          
Issuance of common stock from exercises of stock options 293         293    
Issuance of common stock from exercises of stock options, shares     35,732          
Net loss (29,973)             (29,973)
Ending balance at Sep. 30, 2025 (422,534)   $ 6     1,040,570   (1,463,110)
Ending balance, shares at Sep. 30, 2025     71,043,149          
Ending balance, shares at Sep. 30, 2025         19      
Beginning balance at Dec. 31, 2025 $ (438,169)   $ 6     1,046,083   (1,484,258)
Beginning balance, shares at Dec. 31, 2025 71,419,025   71,419,025          
Beginning balance, shares at Dec. 31, 2025 19              
401(k) matching contribution $ 2,074         2,074    
401(k) matching contribution, shares     132,035          
Vesting of restricted stock units and performance stock units, net of employee tax obligations (128)         (128)    
Vesting of restricted stock units and performance stock units, net of employee tax obligations, shares     740,564          
Stock-based compensation 5,534         5,534    
ESPP shares issued 1,538         1,538    
ESPP shares issued, shares     211,837          
Issuance of common stock from exercises of stock options 591         591    
Issuance of common stock from exercises of stock options, shares     63,906          
Issuance of common stock and pre-funded warrants in connection with the underwritten public offering, net   $ 121,974   $ 1     $ 121,973  
Issuance of common stock and pre-funded warrants in connection with the underwritten public offering, net, shares       6,875,000        
Net loss (30,369)             (30,369)
Ending balance at Mar. 31, 2026 $ (336,955)   $ 7     1,177,665   (1,514,627)
Ending balance, shares at Mar. 31, 2026     79,442,367          
Ending balance, shares at Mar. 31, 2026 19              
Beginning balance at Dec. 31, 2025 $ (438,169)   $ 6     1,046,083   (1,484,258)
Beginning balance, shares at Dec. 31, 2025 71,419,025   71,419,025          
Beginning balance, shares at Dec. 31, 2025 19              
401(k) matching contribution, shares 397,944              
Net loss $ (61,848)              
Ending balance at Sep. 30, 2026 $ (347,639)   $ 8     1,198,459   (1,546,106)
Ending balance, shares at Sep. 30, 2026 81,222,933   81,222,933          
Ending balance, shares at Sep. 30, 2026 19       19      
Beginning balance at Mar. 31, 2026 $ (336,955)   $ 7     1,177,665   (1,514,627)
Beginning balance, shares at Mar. 31, 2026     79,442,367          
Beginning balance, shares at Mar. 31, 2026 19              
Vesting of restricted stock units and performance stock units, net of employee tax obligations, shares     133,370          
Stock-based compensation $ 6,712         6,712    
Issuance of common stock from exercises of stock options 3,552   $ 1     3,551    
Issuance of common stock from exercises of stock options, shares     494,311          
Net loss (17,582)             (17,582)
Ending balance at Jun. 30, 2026 $ (344,273)   $ 8     1,187,928   (1,532,209)
Ending balance, shares at Jun. 30, 2026     80,070,048          
Ending balance, shares at Jun. 30, 2026 19              
401(k) matching contribution $ 2,887         2,887    
401(k) matching contribution, shares     265,909          
Vesting of restricted stock units and performance stock units, net of employee tax obligations (21)         (21)    
Vesting of restricted stock units and performance stock units, net of employee tax obligations, shares     259,346          
Stock-based compensation 5,921         5,921    
ESPP shares issued 1,372         1,372    
ESPP shares issued, shares     146,248          
Issuance of common stock from exercises of stock options 372         372    
Issuance of common stock from exercises of stock options, shares     481,382          
Net loss (13,897)             (13,897)
Ending balance at Sep. 30, 2026 $ (347,639)   $ 8     $ 1,198,459   $ (1,546,106)
Ending balance, shares at Sep. 30, 2026 81,222,933   81,222,933          
Ending balance, shares at Sep. 30, 2026 19       19