v3.26.3
Segment Information (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
USD ($)
Jun. 30, 2026
USD ($)
Mar. 31, 2026
USD ($)
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Sep. 30, 2026
USD ($)
segment
Sep. 30, 2025
USD ($)
Segment Information                
Number of reportable segment | segment             1  
Revenue $ 10,000           $ 11,000 $ 10,000
Research and development expenses 58,474     $ 34,402     181,826 112,343
General and administrative 27,435     13,178     60,092 37,730
Stock-based compensation 17,276     7,336     35,090 18,767
Net loss (108,923) $ (111,456) $ (80,987) (51,499) $ (52,223) $ (33,573) (301,366) (137,295)
Zenas Inc                
Segment Information                
Revenue             10,000  
Zenas BioPharma (HK) Limited                
Segment Information                
Revenue       0     1,000 10,000
Single Reportable Segment                
Segment Information                
Revenue 10,000           11,000 10,000
General and administrative 14,427     8,245     36,227 25,060
Acquired in-process research and development 27,500     5,000     57,500 5,000
Stock-based compensation 17,276     7,336     35,090 18,767
Other segment items 5,514     (1,081)     12,948 (7,778)
Net loss $ (108,923)     $ (51,499)     $ (301,366) $ (137,295)
Other segment items, description Other segment items consist of other (income) expense, net, and income tax (benefit) provision. Other (income) expense, net consists of interest income, interest expense related to the royalty obligation, the senior secured term loan and convertible senior notes as well as realized and unrealized gains and losses on foreign currency transactions     Other segment items consist of other (income) expense, net, and income tax (benefit) provision. Other (income) expense, net consists of interest income, interest expense related to the royalty obligation, the senior secured term loan and convertible senior notes as well as realized and unrealized gains and losses on foreign currency transactions     Other segment items consist of other (income) expense, net, and income tax (benefit) provision. Other (income) expense, net consists of interest income, interest expense related to the royalty obligation, the senior secured term loan and convertible senior notes as well as realized and unrealized gains and losses on foreign currency transactions Other segment items consist of other (income) expense, net, and income tax (benefit) provision. Other (income) expense, net consists of interest income, interest expense related to the royalty obligation, the senior secured term loan and convertible senior notes as well as realized and unrealized gains and losses on foreign currency transactions
Single Reportable Segment | Obexelimab                
Segment Information                
Research and development expenses $ 22,589     $ 20,753     $ 83,743 $ 74,006
Single Reportable Segment | Orelabrutinib                
Segment Information                
Research and development expenses 12,904           34,211  
Single Reportable Segment | Other programs (ZB002, ZB004, ZB014, ZB021 & ZB022)                
Segment Information                
Research and development expenses 2,037     467     4,063 1,204
Single Reportable Segment | Partnered regional programs (ZB001 & ZB005)                
Segment Information                
Research and development expenses       172     (24) 134
Single Reportable Segment | Unallocated                
Segment Information                
Research and development expenses $ 16,676     $ 10,607     $ 48,608 $ 30,902