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EQUITY INCENTIVE PLANS (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Stock Units and Performance-based Restricted Stock Units Activity | The following table summarizes RSU activity during the six months ended June 30, 2025:
| Number of RSUs |  | Weighted Average Grant Date Fair Value
Outstanding at December 31, 2024 | 177,273 |  |  | $ | 14.06 |
RSUs granted | 275,410 |  |  | 21.26 |
RSUs vested | (34,876) |  |  | 17.14 |
RSUs canceled | (21,972) |  |  | 16.92 |
Outstanding at June 30, 2025 | 395,835 |  |  | $ | 18.64 |
Schedule of Stock Option Activity | The following table summarizes stock option activity during the six months ended June 30, 2025:
| Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life in Years |  | Total Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2024 | 2,303,738 |  |  | $ | 18.50 |  |  | 8.84 |  | $ | 29,729 |
Options granted | 854,294 |  |  | 21.78 |  |  |  |  |
Options exercised | (82,648) |  |  | 15.86 |  |  |  |  |
Options canceled | (298,009) |  |  | 24.80 |  |  |  |  |
Outstanding at June 30, 2025 | 2,777,375 |  |  | $ | 18.91 |  |  | 8.89 |  | $ | 86,620 |
Vested and expected to vest at June 30, 2025 | 2,777,375 |  |  | $ | 18.91 |  |  | 8.89 |  | $ | 86,620 |
Exercisable at June 30, 2025 | 766,629 |  |  | $ | 26.80 |  |  | 7.53 |  | $ | 20,649 |
Schedule of Stock-based Compensation Expense | Stock-based compensation expense recognized for RSUs, stock options, and the ESPP has been reported in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Stock-based compensation expense: |  |  |  |  |  |  |
Research and development | $ | 848 |  |  | $ | 297 |  |  | $ | 1,298 |  |  | $ | 524 |
General and administrative | 2,107 |  |  | 330 |  |  | 3,398 |  |  | 743 |
Stock-based compensation expense recorded in continuing operations | 2,955 |  |  | 627 |  |  | 4,696 |  |  | 1,267 |
Stock-based compensation expense recorded in discontinued operations | — |  |  | 76 |  |  | — |  |  | 231 |
Total stock-based compensation expense | $ | 2,955 |  |  | $ | 703 |  |  | $ | 4,696 |  |  | $ | 1,498 |

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