XML 33 R5.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue:    
Total revenue $ 19,088 $ 0
Operating expenses:    
Cost of sales 418 0
Selling, general and administrative 91,138 28,809
Research and development 18,670 29,801
Total operating expenses 110,226 58,610
Loss from operations (91,138) (58,610)
Other income:    
Other (expense) income (243) 289
Interest income 9,756 8,553
Total other income, net 9,513 8,842
Net loss before income taxes (81,625) (49,768)
Income tax expense 502 1
Net loss (82,127) (49,769)
Other comprehensive income (loss):    
Unrealized gain on marketable securities 46 190
Comprehensive loss $ (82,081) $ (49,579)
Net loss per share - basic (in dollars per share) $ (2.85) $ (2.34)
Net loss per share - diluted (in dollars per share) $ (2.85) $ (2.34)
Weighted-average common shares outstanding, basic (in shares) 28,813,164 21,281,038
Weighted-average common shares outstanding, diluted (in shares) 28,813,164 21,281,038
Product sales, net    
Revenue:    
Total revenue $ 1,588 $ 0
License revenue    
Revenue:    
Total revenue $ 17,500 $ 0