CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 78,977	$ 396,486
Marketable securities	402,574	58,722
Prepaid expenses	4,968	1,152
Other current assets	4,005	1,745
Total current assets	490,524	458,105
Restricted cash	168	168
Property and equipment, net	623	533
Operating lease right-of-use assets	2,607	2,936
Other assets	2,390	2,384
Total assets	496,312	464,126
Current liabilities:
Accounts payable	5,609	5,127
Accrued liabilities	30,365	19,764
Operating lease liabilities	370	280
Total current liabilities	36,344	25,171
Non-current liabilities:
Operating lease liabilities, less current portion	2,437	2,720
Warrant liabilities	594,704	600,547
Total liabilities	633,485	628,438
Stockholders' deficit:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 0 shares issued and outstanding as of September 30, 2026 and December 31, 2025
Common stock, $0.0001 par value; 800,000,000 and 400,000,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively; 61,429,555 and 38,720,196 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively	20	18
Additional paid-in capital	1,386,746	988,604
Accumulated other comprehensive (loss) income	(1,845)	41
Accumulated deficit	(1,522,094)	(1,152,975)
Total stockholders' deficit	(137,173)	(164,312)
Total liabilities and stockholders' deficit	$ 496,312	$ 464,126

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).