v3.26.3
Condensed Statements of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Total
Balance, Beginning at Dec. 31, 2024 $ 9 $ 837,363 $ 420 $ (378,576) $ 459,216
Balance, Beginning (in shares) at Dec. 31, 2024 94,838,466        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Exercise of stock options   2,261     2,261
Exercise of stock options (shares) 367,217        
Stock-based compensation   9,059     9,059
Other comprehensive income (loss)     (19)   (19)
Net income (loss)       (40,798) (40,798)
Balance, Ending at Mar. 31, 2025 $ 9 848,683 401 (419,374) 429,719
Balance, Ending (in shares) at Mar. 31, 2025 95,205,683        
Balance, Beginning at Dec. 31, 2024 $ 9 837,363 420 (378,576) 459,216
Balance, Beginning (in shares) at Dec. 31, 2024 94,838,466        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss)         (117,579)
Balance, Ending at Sep. 30, 2025 $ 10 1,054,091 701 (496,155) 558,647
Balance, Ending (in shares) at Sep. 30, 2025 105,761,949        
Balance, Beginning at Mar. 31, 2025 $ 9 848,683 401 (419,374) 429,719
Balance, Beginning (in shares) at Mar. 31, 2025 95,205,683        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock, net of offering costs $ 1 187,100     187,101
Issuance of common stock, net of offering costs (in shares) 9,935,419        
Exercise of stock options and vesting of restricted stock units   233     233
Exercise of stock options and vesting of restricted stock units (in shares) 151,535        
Purchase of common stock under Employee Stock Purchase Plan   597     597
Purchase of common stock under Employee Stock Purchase Plan (in shares) 48,659        
Stock-based compensation   7,733     7,733
Other comprehensive income (loss)     (197)   (197)
Net income (loss)       (36,115) (36,115)
Balance, Ending at Jun. 30, 2025 $ 10 1,044,346 204 (455,489) 589,071
Balance, Ending (in shares) at Jun. 30, 2025 105,341,296        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Exercise of stock options and vesting of restricted stock units   1,660     1,660
Exercise of stock options and vesting of restricted stock units (in shares) 420,653        
Stock-based compensation   8,085     8,085
Other comprehensive income (loss)     497   497
Net income (loss)       (40,666) (40,666)
Balance, Ending at Sep. 30, 2025 $ 10 1,054,091 701 (496,155) 558,647
Balance, Ending (in shares) at Sep. 30, 2025 105,761,949        
Balance, Beginning at Dec. 31, 2025 $ 10 1,067,941 677 (546,371) $ 522,257
Balance, Beginning (in shares) at Dec. 31, 2025 106,249,579       106,249,579
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Exercise of stock options   12,173     $ 12,173
Exercise of stock options (shares) 1,231,943        
Stock-based compensation   8,715     8,715
Other comprehensive income (loss)     (929)   (929)
Net income (loss)       (49,013) (49,013)
Balance, Ending at Mar. 31, 2026 $ 10 1,088,829 (252) (595,384) 493,203
Balance, Ending (in shares) at Mar. 31, 2026 107,481,522        
Balance, Beginning at Dec. 31, 2025 $ 10 1,067,941 677 (546,371) $ 522,257
Balance, Beginning (in shares) at Dec. 31, 2025 106,249,579       106,249,579
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss)         $ 1,059,811
Balance, Ending at Sep. 30, 2026 $ 10 1,124,820 (5,602) 513,440 $ 1,632,668
Balance, Ending (in shares) at Sep. 30, 2026 109,457,922       109,457,922
Balance, Beginning at Mar. 31, 2026 $ 10 1,088,829 (252) (595,384) $ 493,203
Balance, Beginning (in shares) at Mar. 31, 2026 107,481,522        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Exercise of stock options and vesting of restricted stock units   2,294     2,294
Exercise of stock options and vesting of restricted stock units (in shares) 234,659        
Purchase of common stock under Employee Stock Purchase Plan   793     793
Purchase of common stock under Employee Stock Purchase Plan (in shares) 60,199        
Stock-based compensation   9,362     9,362
Other comprehensive income (loss)     (248)   (248)
Net income (loss)       (57,327) (57,327)
Balance, Ending at Jun. 30, 2026 $ 10 1,101,278 (500) (652,711) 448,077
Balance, Ending (in shares) at Jun. 30, 2026 107,776,380        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Exercise of stock options and vesting of restricted stock units   14,977     14,977
Exercise of stock options and vesting of restricted stock units (in shares) 1,681,542        
Stock-based compensation   8,565     8,565
Other comprehensive income (loss)     (5,102)   (5,102)
Net income (loss)       1,166,151 1,166,151
Balance, Ending at Sep. 30, 2026 $ 10 $ 1,124,820 $ (5,602) $ 513,440 $ 1,632,668
Balance, Ending (in shares) at Sep. 30, 2026 109,457,922       109,457,922