v3.26.3
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2024   73,372,696,000        
Beginning balance at Dec. 31, 2024 $ 1,540,956 $ 73 $ 2,493,811 $ (1,518) $ (148,924) $ (802,486)
Treasury stock, beginning balance (in shares) at Dec. 31, 2024           (16,216,411,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Unrealized (loss) gain on available-for-sale securities 1,883     1,883    
Common stock issued under stock incentive plan and ESPP (in shares)   730,496,000        
Common stock issued under stock incentive plan and ESPP 1,619 $ 1 1,618      
Stock-based compensation expense 11,359   11,359      
Net loss (89,289)       (89,289)  
Ending balance (in shares) at Mar. 31, 2025   74,103,192,000        
Ending balance at Mar. 31, 2025 1,466,528 $ 74 2,506,788 365 (238,213) $ (802,486)
Treasury stock, ending balance (in shares) at Mar. 31, 2025           (16,216,411,000)
Beginning balance (in shares) at Dec. 31, 2024   73,372,696,000        
Beginning balance at Dec. 31, 2024 1,540,956 $ 73 2,493,811 (1,518) (148,924) $ (802,486)
Treasury stock, beginning balance (in shares) at Dec. 31, 2024           (16,216,411,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net loss (304,742)          
Ending balance (in shares) at Sep. 30, 2025   74,496,287,000        
Ending balance at Sep. 30, 2025 1,284,330 $ 74 2,538,357 2,051 (453,666) $ (802,486)
Treasury stock, ending balance (in shares) at Sep. 30, 2025           (16,216,411,000)
Beginning balance (in shares) at Mar. 31, 2025   74,103,192,000        
Beginning balance at Mar. 31, 2025 1,466,528 $ 74 2,506,788 365 (238,213) $ (802,486)
Treasury stock, beginning balance (in shares) at Mar. 31, 2025           (16,216,411,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Unrealized (loss) gain on available-for-sale securities 290     290    
Common stock issued under stock incentive plan and ESPP (in shares)   151,764,000        
Common stock issued under stock incentive plan and ESPP 65   65      
Stock-based compensation expense 14,692   14,692      
Net loss (112,020)       (112,020)  
Ending balance (in shares) at Jun. 30, 2025   74,254,956,000        
Ending balance at Jun. 30, 2025 1,369,555 $ 74 2,521,545 655 (350,233) $ (802,486)
Treasury stock, ending balance (in shares) at Jun. 30, 2025           (16,216,411,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Unrealized (loss) gain on available-for-sale securities 1,396     1,396    
Common stock issued under stock incentive plan and ESPP (in shares)   241,331,000        
Common stock issued under stock incentive plan and ESPP 4,435   4,435      
Stock-based compensation expense 12,377   12,377      
Net loss (103,433)       (103,433)  
Ending balance (in shares) at Sep. 30, 2025   74,496,287,000        
Ending balance at Sep. 30, 2025 $ 1,284,330 $ 74 2,538,357 2,051 (453,666) $ (802,486)
Treasury stock, ending balance (in shares) at Sep. 30, 2025           (16,216,411,000)
Beginning balance (in shares) at Dec. 31, 2025 58,448,592 74,665,003,000        
Beginning balance at Dec. 31, 2025 $ 1,193,114 $ 75 2,555,037 2,193 (561,705) $ (802,486)
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 (16,216,411)         (16,216,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Unrealized (loss) gain on available-for-sale securities $ (2,507)     (2,507)    
Common stock issued under stock incentive plan and ESPP (in shares)   892,746,000        
Common stock issued under stock incentive plan and ESPP 2,078 $ 1 2,077      
Stock-based compensation expense 15,541   15,541      
Net loss (99,111)       (99,111)  
Ending balance (in shares) at Mar. 31, 2026   75,557,749,000        
Ending balance at Mar. 31, 2026 $ 1,109,115 $ 76 2,572,655 (314) (660,816) $ (802,486)
Treasury stock, ending balance (in shares) at Mar. 31, 2026           (16,216,411)
Beginning balance (in shares) at Dec. 31, 2025 58,448,592 74,665,003,000        
Beginning balance at Dec. 31, 2025 $ 1,193,114 $ 75 2,555,037 2,193 (561,705) $ (802,486)
Treasury stock, beginning balance (in shares) at Dec. 31, 2025 (16,216,411)         (16,216,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Common stock issued under stock incentive plan and ESPP (in shares) 195,618          
Net loss $ (264,859)          
Ending balance (in shares) at Sep. 30, 2026 59,780,890 75,997,301,000        
Ending balance at Sep. 30, 2026 $ 979,336 $ 76 2,612,601 (4,291) (826,564) $ (802,486)
Treasury stock, ending balance (in shares) at Sep. 30, 2026 (16,216,411)         (16,216,411)
Beginning balance (in shares) at Mar. 31, 2026   75,557,749,000        
Beginning balance at Mar. 31, 2026 $ 1,109,115 $ 76 2,572,655 (314) (660,816) $ (802,486)
Treasury stock, beginning balance (in shares) at Mar. 31, 2026           (16,216,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Unrealized (loss) gain on available-for-sale securities (1,481)     (1,481)    
Common stock issued under stock incentive plan and ESPP (in shares)   263,492,000        
Common stock issued under stock incentive plan and ESPP 3,149   3,149      
Stock-based compensation expense 15,941   15,941      
Net loss (100,703)       (100,703)  
Ending balance (in shares) at Jun. 30, 2026   75,821,241,000        
Ending balance at Jun. 30, 2026 1,026,021 $ 76 2,591,745 (1,795) (761,519) $ (802,486)
Treasury stock, ending balance (in shares) at Jun. 30, 2026           (16,216,411)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Unrealized (loss) gain on available-for-sale securities (2,496)     (2,496)    
Common stock issued under stock incentive plan and ESPP (in shares)   176,060,000        
Common stock issued under stock incentive plan and ESPP 4,184   4,184      
Stock-based compensation expense 16,672   16,672      
Net loss $ (65,045)       (65,045)  
Ending balance (in shares) at Sep. 30, 2026 59,780,890 75,997,301,000        
Ending balance at Sep. 30, 2026 $ 979,336 $ 76 $ 2,612,601 $ (4,291) $ (826,564) $ (802,486)
Treasury stock, ending balance (in shares) at Sep. 30, 2026 (16,216,411)         (16,216,411)