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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2026
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | The following summarizes stock option activity:
|  | Number of options |  |  | Weighted average exercise price |  |  | Weighted average remaining contractual term (years) |  |  | Aggregate intrinsic value (in thousands) |
Outstanding—December 31, 2025 |  |  | 14,064,599 |  |  | $ | 7.74 |  |  |  | 7.2 |  |  | $ | 115,245 |
Granted |  |  | 2,883,600 |  |  |  | 15.70 |  |  |  |  |  |  |
Exercised |  |  | (921,552 | ) |  |  | 7.73 |  |  |  |  |  |  |
Forfeited |  |  | (87,515 | ) |  |  | 8.42 |  |  |  |  |  |  |
Outstanding—June 30, 2026 |  |  | 15,939,132 |  |  | $ | 9.18 |  |  |  | 7.3 |  |  | $ | 239,640 |
Vested or expected to vest—June 30, 2026 |  |  | 15,939,132 |  |  | $ | 9.18 |  |  |  | 7.3 |  |  | $ | 239,640 |
Exercisable—June 30, 2026 |  |  | 9,332,001 |  |  | $ | 8.18 |  |  |  | 6.2 |  |  | $ | 149,726 |
Schedule of Restricted Stock Unit Activity | The following summarizes RSU activity:
|  | Number of shares |  |  | Weighted average grant date fair value |
Unvested restricted stock units as of December 31, 2025 |  |  | 775,765 |  |  | $ | 7.05 |
Granted |  |  | 595,150 |  |  | $ | 15.59 |
Vested |  |  | (188,264 | ) |  | $ | 7.03 |
Forfeited |  |  | (11,913 | ) |  | $ | 9.26 |
Unvested restricted stock units as of June 30, 2026 |  |  | 1,170,738 |  |  | $ | 11.37 |
Schedule of Stock Based Compensation Expense | Stock-based compensation expense is classified as follows (in thousands):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Research and development |  | $ | 3,275 |  |  | $ | 2,905 |  |  | $ | 6,649 |  |  | $ | 6,040 |
General and administrative |  |  | 2,695 |  |  |  | 1,989 |  |  |  | 5,270 |  |  |  | 4,152 |
Total stock-based compensation expense |  | $ | 5,970 |  |  | $ | 4,894 |  |  | $ | 11,919 |  |  | $ | 10,192 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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