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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax expense were as follows (in thousands):

			Year Ended December 31,
			2025						2024
Current
Federal			$	—					$	—
State			2						1
Foreign			500						—
Total current			502						1
Deferred
Federal			—						—
State			—						—
Foreign			—						—
Total deferred			—						—
Total income tax expense			$	502					$	1

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the Company's income tax expense to the amount computed by applying the federal statutory income tax rate for the year ended December 31, 2025 is summarized as follows (in thousands):

			Year Ended December 31,
			2025
			Amount						Percentage
Statutory regular federal income tax rate			$	(17,140)					21.0		%
State and local income taxes, net of federal income tax effect1			263						(0.3)		%
Foreign tax effects
Singapore
Witholding taxes			500						(0.6)		%
Tax credits
Research and development tax credit			(763)						0.9		%
Changes in valuation allowance			16,026						(19.6)		%
Nontaxable and nondeductible items
Nondeductible executive compensation			1,291						(1.6)		%
Other			282						(0.3)		%
Changes in unrecognized tax benefits			114						(0.2)		%
Other adjustments			(71)						0.1		%
Effective tax rate			$	502					(0.6)		%
1State taxes in California and Virginia make up the majority (greater than 50%) of the tax effect in this category.

A reconciliation of the Company’s income tax expense to the amount computed by applying the federal statutory income tax rate for the year ended December 31, 2024 is summarized as follows (in thousands):

			Year Ended December 31,
			2024
Expected tax benefit computed at federal statutory rate			$	(10,452)
State income taxes, net of federal tax benefit			(2,117)
Research and development credits			(2,119)
Reserve for uncertain tax positions			2,328
Prior year permanent differences			586
Current year permanent differences			377
Other			515
Change in valuation allowance			10,883
Income tax expense			$	1

Schedule of Income Tax Paid

Income taxes paid by jurisdiction was as follows (in thousands):

			Year Ended December 31,
			2025
U.S. Federal taxes			$	—
U.S. State and local taxes			2
Foreign taxes
Singapore			500
Total income taxes paid			502

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred tax assets (liabilities) are summarized as follows (in thousands):

			Year Ended December 31,
			2025						2024
Deferred tax assets
Net operating loss carryforwards			$	38,196					$	15,543
Research and development credit carryforwards			8,918						8,162
Capitalized research and development			20,723						28,294
Other			2,964						1,795
Total deferred tax assets			70,801						53,794
Valuation allowance			(70,313)						(53,174)
Net deferred tax assets			488						620
Deferred tax liabilities
Other			(488)						(620)
Total deferred tax liabilities			488						620
Net deferred tax assets			$	—					$	—

Schedule of Operating Loss Carryforwards and Tax Credit Carryforwards

At December 31, 2025, the Company's federal and state net operating loss (NOL) and tax credit carryforwards were as follows (in thousands):

			Amount						Expiration Years
Net operating losses, federal (starting from January 1, 2018)			$	178,923					Do not expire
Net operating losses, state			12,415						Starting in 2040
Tax credits, federal			8,289						Starting in 2040
Tax credits, state			797						2042

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the changes to the Company’s gross unrecognized tax benefits (in thousands):

			Year Ended December 31,
			2025						2024
Balance at beginning of year			$	4,282					$	1,953
Increases (decreases) related to prior year tax positions			(12)						(5)
Increases related to current year tax positions			146						2,334
Balance at end of year			4,416						4,282

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