XML 59 R37.htm IDEA: XBRL DOCUMENT v3.25.4
Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Summary of Reportable Segment

The CODM is regularly provided with the following significant segment expenses:

 

Years Ended December 31,

 

 

2025

 

 

2024

 

Revenue

 

$

45,951

 

 

$

1,075

 

Employee-related expenses, excluding stock-based compensation

 

 

33,468

 

 

 

22,233

 

Stock-based compensation

 

 

8,476

 

 

 

3,152

 

External research and development expenses

 

 

53,519

 

 

 

32,786

 

External general and administrative expenses

 

 

8,856

 

 

 

6,511

 

Gain on sale of non-financial asset

 

 

(12,500

)

 

 

 

Other segment expenses*

 

 

22,429

 

 

 

17,216

 

Total operating expenses

 

 

114,248

 

 

 

81,898

 

Loss from operations

 

 

(68,297

)

 

 

(80,823

)

Other income, net

 

 

19,430

 

 

 

8,527

 

Loss before provision (benefit) for income taxes

 

 

(48,867

)

 

 

(72,296

)

Provision (benefit) for income taxes

 

 

12

 

 

 

(498

)

Net loss

 

$

(48,879

)

 

$

(71,798

)

(*) Other segment expenses include facility related and office costs, information technology costs, general laboratory costs, and other operating expenses.