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INCOME (LOSS) PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2026
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):
| THREE MONTHS ENDED JUNE 30, |  | SIX MONTHS ENDED JUNE 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders - basic and diluted | $ | (28,710) |  |  | $ | (30,696) |  |  | $ | (52,418) |  |  | $ | 117,755 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding - basic | 19,800,322 |  |  | 40,612,907 |  |  | 19,715,585 |  |  | 40,586,279 |
Effect of potentially dilutive stock options | — |  |  | — |  |  | — |  |  | 433,710 |
Effect of potentially dilutive employee stock purchase plan shares | — |  |  | — |  |  | — |  |  | — |
Effect of potentially dilutive restricted stock units | — |  |  | — |  |  | — |  |  | 133,769 |
Total potentially dilutive securities | — |  |  | — |  |  | — |  |  | 567,479 |
Weighted-average shares of common stock outstanding used to compute diluted net loss1 | 19,800,322 |  |  | 40,612,907 |  |  | 19,715,585 |  |  | 41,153,758 |
Net income (loss) per share of common stock |  |  |  |  |  |  |
Basic | $ | (1.45) |  |  | $ | (0.76) |  |  | $ | (2.66) |  |  | $ | 2.90 |
Diluted | $ | (1.45) |  |  | $ | (0.76) |  |  | $ | (2.66) |  |  | $ | 2.86 |
In periods where there is a net loss, zero incremental shares are included as the effect would be antidilutive.
Schedule of Antidilutive Securities Excluded From Computation of Diluted Net Loss Per Share | The Company excluded the following from the computation of diluted net income (loss) per share attributable to common stockholders as of June 30, 2026 and 2025 because including them would have had an anti-dilutive effect:
| THREE MONTHS ENDED JUNE 30, |  | SIX MONTHS ENDED JUNE 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Restricted stock unit awards | 277,474 |  |  | 12,462 |  |  | 164,024 |  |  | 6,265 |
Options to purchase common stock | 4,139,826 |  |  | 4,838,595 |  |  | 3,906,745 |  |  | 4,865,192 |
Employee stock purchase plan shares | 7,176 |  |  | 29,517 |  |  | 5,957 |  |  | 35,628 |
Total | 4,424,476 |  |  | 4,880,574 |  |  | 4,076,726 |  |  | 4,907,085 |

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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://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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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 + Details
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