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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2025
Accounting Policies [Abstract] |
Summary of Effects of Correction of Previously Issued Condensed Consolidated Financial Statements | The following tables present a summary of the effects of the correction of the Company’s previously issued condensed consolidated financial statements for the three and nine months ended September 30, 2024:
Condensed Consolidated Statements of Operations (unaudited)
| Three Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2024
(in thousands) | As Previously Reported |  | Adjustments |  | As Corrected |  | As Previously Reported |  | Adjustments |  | As Corrected
General and administrative | $ | 28,515 |  |  | $ | 3,229 |  |  | $ | 31,744 |  |  | $ | 83,104 |  |  | $ | 9,687 |  |  | $ | 92,791 |
Total operating expenses | 93,375 |  |  | 3,229 |  |  | 96,604 |  |  | 281,133 |  |  | 9,687 |  |  | 290,820 |
Loss from operations | (10,492) |  |  | (3,229) |  |  | (13,721) |  |  | (33,927) |  |  | (9,687) |  |  | (43,614) |
Loss before income taxes | (7,208) |  |  | (3,229) |  |  | (10,437) |  |  | (25,322) |  |  | (9,687) |  |  | (35,009) |
Net loss | $ | (7,408) |  |  | $ | (3,229) |  |  | $ | (10,637) |  |  | $ | (25,461) |  |  | $ | (9,687) |  |  | $ | (35,148) |
Net loss per share |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.14) |  |  | $ | (0.06) |  |  | $ | (0.20) |  |  | $ | (0.49) |  |  | $ | (0.18) |  |  | $ | (0.67) |
Diluted | $ | (0.14) |  |  | $ | (0.06) |  |  | $ | (0.20) |  |  | $ | (0.49) |  |  | $ | (0.18) |  |  | $ | (0.67) |
Condensed Consolidated Statements of Comprehensive Loss (unaudited)
| Three Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2024
(in thousands) | As Previously Reported |  | Adjustments |  | As Corrected |  | As Previously Reported |  | Adjustments |  | As Corrected
Net loss | $ | (7,408) |  |  | $ | (3,229) |  |  | $ | (10,637) |  |  | $ | (25,461) |  |  | $ | (9,687) |  |  | $ | (35,148) |
Comprehensive loss | (6,623) |  |  | (3,229) |  |  | (9,852) |  |  | (25,677) |  |  | (9,687) |  |  | (35,364) |
Condensed Consolidated Statement of Stockholders' Equity (unaudited) |  |  |  |
| Nine Months Ended September 30, 2024
(in thousands) | Additional Paid-in Capital |  | Accumulated Deficit |  | Total Stockholders' Equity
As Previously Reported |  |  |  |  |
Balance at December 31, 2023 | $ | 946,511 |  |  | $ | (678,269) |  |  | $ | 261,328 |
Employee stock-based compensation expense | 40,090 |  |  | — |  |  | 40,090 |
Net loss | — |  |  | (25,461) |  |  | (25,461) |
Balance at September 30, 2024 | 984,627 |  |  | (704,252) |  |  | 273,246 |
Adjustments |  |  |  |  |
Employee stock-based compensation expense | 9,687 |  |  | — |  |  | 9,687 |
Net loss | — |  |  | (9,687) |  |  | (9,687) |
As Corrected |  |  |  |  |
Balance at December 31, 2023 | 946,511 |  |  | (678,269) |  |  | 261,328 |
Employee stock-based compensation expense | 49,777 |  |  | — |  |  | 49,777 |
Net loss | — |  |  | (35,148) |  |  | (35,148) |
Balance at September 30, 2024 | $ | 994,314 |  |  | $ | (713,939) |  |  | $ | 273,246 |
Condensed Consolidated Statement of Cash Flows (unaudited) |  |  |  |  |
| Nine Months Ended September 30, 2024
(in thousands) | As Previously Reported |  | Adjustments |  | As Corrected
Net loss | $ | (25,461) |  |  | $ | (9,687) |  |  | $ | (35,148) |
Stock-based compensation | $ | 40,208 |  |  | $ | 9,687 |  |  | $ | 49,895 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
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