v3.25.4

Segment Disclosures (Tables) | 6 Months Ended
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Dec. 31, 2025
Segment Disclosures |
Schedule of consolidated net loss summarized by the significant segment expenses regularly reviewed by the CODM | ​ The following table presents consolidated net loss summarized by the significant segment expenses regularly reviewed by the CODM for the three and six months ended December 31, 2025, and 2024 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended | ​ | Six Months Ended
​ | December 31, | ​ | December 31,
​ | 2025 | ​ ​ ​ | 2024 | ​ | 2025 | ​ ​ ​ | 2024
Research and development: |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Ersodetug | $ | 5,647 | ​ | $ | 7,260 | ​ | $ | 11,257 | ​ | $ | 14,476
Compensation and benefits | ​ | 6,991 | ​ | ​ | 4,491 | ​ | ​ | 12,579 | ​ | ​ | 8,788
Other research and development segment expenses (1) | ​ | 1,710 | ​ | ​ | 876 | ​ | ​ | 3,661 | ​ | ​ | 2,117
Total research and development |  | 14,348 | ​ | ​ | 12,627 | ​ |  | 27,497 | ​ | ​ | 25,381
General and administrative: |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Compensation and benefits | ​ | 4,917 | ​ | ​ | 2,602 | ​ | ​ | 8,267 | ​ | ​ | 4,854
Other general and administrative segment expenses (2) | ​ | 4,956 | ​ | ​ | 1,851 | ​ | ​ | 8,274 | ​ | ​ | 3,786
Total general and administrative |  | 9,873 | ​ | ​ | 4,453 | ​ |  | 16,541 | ​ | ​ | 8,640
Operating loss | ​ | (24,221) | ​ | ​ | (17,080) | ​ | ​ | (44,038) | ​ | ​ | (34,021)
Total non-operating income, net | ​ | 1,447 | ​ | ​ | 1,350 | ​ | ​ | 3,114 | ​ | ​ | 2,913
Net loss | $ | (22,774) | ​ | $ | (15,730) | ​ | $ | (40,924) | ​ | $ | (31,108)
(1) | Other research and development segment expenses primarily include quality regulatory and other pipeline development costs, employee travel and expense, and other facility and information technology costs.
(2) | Other general and administrative segment expenses primarily include consulting expenses related to business development and market planning activities, insurance expense, public company costs, employee travel and expense, and other facility and information technology costs.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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