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INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Loss Per Share Calculation

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)

Schedule of Antidilutive Securities Excluded From Computation of Diluted Net Loss Per Share

The Company excluded the following from the computation of diluted net loss per share attributable to common stockholders as of December 31, 2025 and 2024 because including them would have had an anti-dilutive effect:

			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

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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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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