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EQUITY INCENTIVE PLANS (Tables)
6 Months Ended
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, 2024177,273 $14.06 
RSUs granted275,410 21.26 
RSUs vested(34,876)17.14 
RSUs canceled(21,972)16.92 
Outstanding at June 30, 2025395,835 $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, 20242,303,738 $18.50 8.84$29,729 
Options granted854,294 21.78 
Options exercised(82,648)15.86 
Options canceled(298,009)24.80 
Outstanding at June 30, 20252,777,375 $18.91 8.89$86,620 
Vested and expected to vest at June 30, 20252,777,375 $18.91 8.89$86,620 
Exercisable at June 30, 2025766,629 $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,
2025202420252024
Stock-based compensation expense:
Research and development$848 $297 $1,298 $524 
General and administrative2,107 330 3,398 743 
Stock-based compensation expense recorded in continuing operations2,955 627 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