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INCOME (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
INCOME (LOSS) PER SHARE | INCOME (LOSS) PER SHARE Basic and diluted income (loss) per share of common stock are calculated as follows (in thousands, except share and per share data):
| YEAR ENDED DECEMBER 31,
| 2025 |  | 2024 |  |
Numerator: |  |  |  |  |
Net income (loss) | $ | 87,014 |  |  | $ | (187,353) |  |  |
Denominator: |  |  |  |  |
Weighted-average shares of common stock outstanding - basic | 37,221,211 |  |  | 37,437,652 |  |  |
Effect of potentially dilutive stock options | 419,367 |  |  | — |  |  |
Effect of potentially dilutive employee stock purchase plan shares | — |  |  | — |  |  |
Effect of potentially dilutive restricted stock units | 218,528 |  |  | — |  |  |
Total potentially dilutive securities | 637,895 |  |  | — |  |  |
Weighted-average shares of common stock outstanding used to compute diluted net income (loss)1 | 37,859,106 |  |  | 37,437,652 |  |  |
Net income (loss) per share of common stock |  |  |  |  |
Basic | $ | 2.34 |  |  | $ | (5.00) |  |  |
Diluted | $ | 2.30 |  |  | $ | (5.00) |  |  |
The Company excluded the following from the computation of diluted net income (loss) per share attributable to common stockholders as of December 31, 2025 and 2024 because including them would have had an anti-dilutive effect:
| YEAR ENDED DECEMBER 31,
| 2025 |  | 2024 |  |
Unvested RSU awards | 41,207 |  |  | — |  |  |
Options to purchase common stock | 4,470,286 |  |  | 5,384,760 |  |  |
Employee stock purchase plan shares | 8,549 |  |  | 47,694 |  |  |
Total | 4,520,042 |  |  | 5,432,454 |  |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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