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Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The table below is a summary of the segment loss, including significant segment expenses (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Operating expenses: |  |  |  |  |  |  |
Research and Development: |  |  |  |  |  |  |
Development expenses | $ | 16,244 |  |  | $ | 21,696 |  |  |  |  |
Personnel expenses | 6,792 |  |  | 6,069 |  |  |  |  |
Non-cash share-based compensation expense | 935 |  |  | 1,524 |  |  |  |  |
Other expenses 1 | 2,509 |  |  | 1,591 |  |  |  |  |
General and Administrative: |  |  |  |  |  |  |
Personnel expenses | 5,760 |  |  | 5,061 |  |  |  |  |
Legal and professional fees | 6,527 |  |  | 9,364 |  |  |  |  |
Facilities and other expenses 1 | 2,176 |  |  | 1,900 |  |  |  |  |
Non-cash share-based compensation expense | 1,961 |  |  | 2,411 |  |  |  |  |
Total operating expenses | 42,904 |  |  | 49,616 |  |  |  |  |
Operating loss | (42,904) |  |  | (49,616) |  |  |  |  |
Fair value change of warrant liabilities | 130,916 |  |  | 19,460 |  |  |  |  |
Benefit from R&D tax credit | 2,477 |  |  | 8,448 |  |  |  |  |
Interest income | 2,419 |  |  | 2,386 |  |  |  |  |
Interest expense | (1,465) |  |  | (1,124) |  |  |  |  |
Foreign exchange (losses) gains | (736) |  |  | 2,133 |  |  |  |  |
Other income | 484 |  |  | 803 |  |  |  |  |
Income tax benefit (expense) | 11 |  |  | (354) |  |  |  |  |
Net income (loss) | $ | 91,202 |  |  | $ | (17,864) |  |  |  |  |
1Other expenses include subscriptions and memberships, consulting fees and company insurance.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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