XML 11 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating expenses:        
Research and development $ 46,933 $ 46,319 $ 92,837 $ 74,082
Selling, general and administrative 18,142 15,091 41,762 27,274
Total operating expenses 65,075 61,410 134,599 101,356
Loss from operations (65,075) (61,410) (134,599) (101,356)
Other income (expense), net:        
Interest income 6,532 7,057 13,425 13,937
Interest expense (908) (910) (1,752) (1,807)
Other (expense) income (12) 68 10 65
Total other income (expense), net 5,612 6,215 11,683 12,195
Loss before income taxes (59,463) (55,195) (122,916) (89,161)
Income tax expense (69) (52) (120) (171)
Net loss $ (59,532) $ (55,247) $ (123,036) $ (89,332)
Net loss per share, basic $ (1.54) $ (1.58) $ (3.19) $ (2.61)
Net loss per share, diluted $ (1.54) $ (1.58) $ (3.19) $ (2.61)
Weighted-average common shares outstanding-basic 38,685,565 35,024,592 38,589,035 34,179,364
Weighted-average common shares outstanding-diluted 38,685,565 35,024,592 38,589,035 34,179,364
Comprehensive loss:        
Net loss $ (59,532) $ (55,247) $ (123,036) $ (89,332)
Other comprehensive loss:        
Foreign currency translation adjustments (2) (15) (12) (1)
Unrealized loss on marketable securities (1,035) (247) (2,561) (15)
Total other comprehensive loss (1,037) (262) (2,573) (16)
Comprehensive loss $ (60,569) $ (55,509) $ (125,609) $ (89,348)