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Supplemental Financial Information (Tables)
9 Months Ended
Sep. 30, 2025
Supplemental Financial Information [Abstract]  
Schedule of Accrued Expenses and Other Liabilities
Accrued Expenses and Other Liabilities

September 30,December 31,
(in thousands)20252024
Accrued compensation$24,056 $50,853 
Accrued development expenses2,497 5,812 
Accrued early discovery expenses
7,840 3,095 
Accrued professional fees
1,956 787 
Materials received not invoiced
1,206 1,590 
Accrued license fees
3,000 3,000 
Accrued other expenses12,547 16,735 
Accrued expense and other liabilities$53,102 $81,872 
Schedule of Restructuring Actions and the Related Accrual The following summarizes the activity related to these restructuring actions and the related accrual as of September 30, 2025:
(in thousands)
Balance as of December 31, 2024$— 
Expense8,516 
Payments(7,717)
Balance as of September 30, 2025$799 
Schedule of Interest Income, Net
Interest Income, Net

Three months ended
September 30,
Nine months ended
September 30,
(in thousands)2025202420252024
Interest income$5,540 $3,826 $16,541 $11,138 
Interest expense(833)(553)(1,821)(967)
Interest income, net$4,707 $3,273 $14,720 $10,171