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Segment Data (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segment Net Revenues and Loss | The table below provides information about the Company’s segment, including significant expenses, other segment items, certain other segment expenses, and a reconciliation to net income (loss):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
License and collaboration revenue |  | $ | 8,466 |  |  | $ | 11,772 |  |  | $ | 15,936 |  |  | $ | 19,182 |
Research and development expenses |  |  |  |  |  |  |  |  |  |  |  |
External research and development expenses* |  |  | 39,891 |  |  |  | 24,206 |  |  |  | 74,312 |  |  |  | 49,567 |
Employee related expenses* |  |  | 27,623 |  |  |  | 23,026 |  |  |  | 56,865 |  |  |  | 47,595 |
General and administrative expenses |  |  |  |  |  |  |  |  |  |  |  |
External general and administrative expenses* |  |  | 6,302 |  |  |  | 7,630 |  |  |  | 11,675 |  |  |  | 12,696 |
Employee related expenses* |  |  | 9,992 |  |  |  | 8,134 |  |  |  | 20,433 |  |  |  | 16,725 |
Facility and information technology related expenses* |  |  | 14,576 |  |  |  | 14,210 |  |  |  | 28,960 |  |  |  | 27,877 |
Depreciation and amortization |  |  | 5,538 |  |  |  | 5,576 |  |  |  | 11,066 |  |  |  | 11,007 |
Stock-based compensation |  |  | 24,367 |  |  |  | 31,604 |  |  |  | 51,049 |  |  |  | 60,885 |
Interest and other income |  |  | (12,326 | ) |  |  | (14,190 | ) |  |  | (22,190 | ) |  |  | (26,039 | )
Income tax expense |  |  | — |  |  |  | 39 |  |  |  | — |  |  |  | 39 |
Other segment items |  |  | (5,206 | ) |  |  | 2,588 |  |  |  | (4,673 | ) |  |  | 8,550 |
Net income (loss) |  | $ | (102,291 | ) |  | $ | (91,051 | ) |  | $ | (211,561 | ) |  | $ | (189,720 | )
* Denotes significant segment expense Other segment items includes: • Change in fair value of derivative liabilities • Change in fair value of non-controlling equity investments • Change in fair value of contingent consideration liabilities • Loss from equity method investment • Milestone expense • License and sublicenses fees

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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