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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

For financial reporting purposes, income before income taxes includes the following components (in thousands):

		Year ended December 31,
		2025				2024				2023
Domestic		$	(146,000	)		$	(152,496	)		$	(149,540	)
Foreign			880				406				207
Loss before income taxes		$	(145,120	)		$	(152,090	)		$	(149,333	)

Schedule of Components of Tax Expense

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

		Year ended December 31,
		2025				2024
Current:
Federal		$	—			$	—
State			—				—
Foreign			308				171
Total Current			308				—
Deferred:
Federal			—				—
State			—				—
Foreign			—				—
Total Deferred		$	—			$	—

Summary of Reconciliation Federal Income Tax Rate

Reconciliation between the effective tax rate on income from continuing operations and the statutory tax rate of 21% is as follows:

		Year Ended December 31, 2025
Income taxes at the U.S. federal statutory tax rate			(30,485	)			21.0	%
Foreign tax effects
Other foreign tax effects			(34	)			0.0	%
Effect of cross-border tax laws
Tax credits
Research & Developments Credit			(4,483	)			3.1	%
Changes in valuation allowances			32,390				(22.3	)%
Nontaxable or nondeductible items
Stock Based Comp			(3,410	)			2.4	%
Sec. 162(m)			1,966				(1.4	)%
Change in FMV of Warrants			4,159				(2.9	)%
Other			205				(0.1	)%
Total			308				(0.2	)%

		Year Ended December 31,
		2024				2023
U.S. federal provision at statutory rate			21.0	%			21.0	%
Tax credits			2.6	%			3.0	%
Stock-based compensation			(2.2	)%			(2.7	)%
Section 162(m)			(0.7	)%			(0.1	)%
Change in valuation allowance			(20.2	)%			(19.6	)%
Other			(0.5	)%			(1.6	)%
Effective tax rate			0.0	%			0.0	%

Schedule of Net Deferred Tax Assets and Liabilities

The Company’s deferred income tax assets and liabilities as of December 31, 2025 and 2024 were as follows (in thousands):

		Year ended December 31,
		2025				2024
Deferred tax assets:
Net operating loss carry forward		$	152,117			$	79,991
Tax credits			31,567				24,293
Intangibles			3,614				3,535
Other			—				(1	)
Stock-based compensation			1,501				1,880
Lease liability			1,381				827
Research and development costs			10,168				47,018
Fixed assets			193				37
Accruals and reserves			1,454				1,384
Total deferred tax assets before valuation allowance			201,995				158,964
Valuation allowance			(200,666	)			(158,121	)
Total deferred tax assets			1,329				843
Deferred tax liabilities:
Right of use assets			(1,328	)			(843	)
Other			(1	)			—
Total deferred tax liabilities			(1,329	)			(843	)
Net deferred tax assets (liabilities)		$	—			$	—

Schedule of Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):

		Year ended December 31,
		2025				2024				2023
Unrecognized tax benefits as of the beginning of the year		$	18,317			$	13,809			$	8,872
Increase related to prior year tax provisions			—				111				—
Decrease related to prior year tax provisions			—				—				—
Increase related to current year tax provisions			5,345				4,397				4,937
Statue lapse			—				—				—
Unrecognized tax benefits as of the end of the year		$	23,662			$	18,317			$	13,809

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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