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INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Amount    
Expected income tax expense at federal statutory rate $ (29,411) $ 354,390
State income tax expense, net of federal benefit 1 10,106
Permanent items   6,842
R&D credits   (28,602)
Unrecognized tax benefits (FIN 48)   (4,651)
Elimination of deferred tax assets and liabilities upon Transaction with Acquirer   195,694
Non-taxable gain related to Transaction with Acquirer   (410,226)
336(e) election   665
Change in valuation allowance 29,552 (124,216)
Other (140)  
Income tax expense $ 2 $ 2
Percent    
Federal income taxes at 21% 21.00%  
State taxes, net of federal benefit 0.00%  
Change in valuation allowance (21.10%)  
Other 0.10%  
Effective tax rate 0.00%