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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following summarizes option activity:

			Number of Options						Weighted- Average Exercise Price						Remaining Contractual Term (Years)						Aggregate Intrinsic Value ($ in thousands)
Balance—December 31, 2024			5,342,909						$	6.69					8.01						$	43,120
Granted			2,345,398						14.10
Exercised			(714,125)						6.44
Forfeited			(534,345)						9.55
Expired			(2,865)						26.87
Balance—December 31, 2025			6,436,972						$	9.17					7.75						$	127,945
Exercisable—December 31, 2025			2,903,391						$	8.46					6.63						$	59,750

Schedule of Restricted Stock Unit Activity

The following table summarizes information regarding the Company's RSUs:

			Number of Units						Weighted-Average Grant Date Fair Value
Balance—December 31, 2024			6,055,087						$	8.04
Granted			3,063,418						14.23
Vested			(2,275,607)						8.24
Forfeited			(835,383)						10.12
Unvested Balance—December 31, 2025			6,007,515						$	10.83

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense included in the consolidated statements of operations and comprehensive loss was as follows (in thousands):

			Year Ended December 31,
			2025						2024						2023
Research and development			$	12,336					$	13,509					$	15,544
Selling, general and administrative			28,028						28,221						23,269
Total stock-based compensation expense			$	40,364					$	41,730					$	38,813

Schedule of Assumptions in Calculating Stock Option Awards

The fair value of stock option awards granted was estimated at the date of grant using a Black-Scholes option-pricing model with the following assumptions:

Year Ended December 31,

2025

2024

2023

Expected term (in years)

5.3 – 6.1

1.8 – 6.1

5.0 – 6.1

Expected volatility

72.9 – 79.5%

79.1 – 83.2%

75.2% – 78.4%

Risk-free interest rate

3.7 – 4.4%

3.6 – 5.0%

3.5 – 4.7%

Dividend yield

—%

—%

—%

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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