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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Balances Begning at Dec. 31, 2024 $ 590,328   $ 6 $ 958,695 $ (133) $ (368,240)
Balances, shares Begning at Dec. 31, 2024   647,500 58,510,610      
Issuance of common stock under equity-based compensation plans, Shares     188,309      
Equity-based compensation 9,374     9,374    
Unrealized gain (loss) on investments 638       638  
Net Loss (48,501)         (48,501)
Balances Ending at Mar. 31, 2025 551,839   $ 6 968,069 505 (416,741)
Balances, shares Ending at Mar. 31, 2025   647,500 58,698,919      
Balances Begning at Dec. 31, 2024 590,328   $ 6 958,695 (133) (368,240)
Balances, shares Begning at Dec. 31, 2024   647,500 58,510,610      
Unrealized gain (loss) on investments 740          
Net Loss (118,556)          
Balances Ending at Jun. 30, 2025 492,146   $ 6 978,329 607 (486,796)
Balances, shares Ending at Jun. 30, 2025   647,500 59,074,391      
Balances Begning at Mar. 31, 2025 $ 551,839   $ 6 $ 968,069 505 (416,741)
Balances, shares Begning at Mar. 31, 2025   647,500 58,698,919      
Issuance of common stock and pre-funded warrants net of issuance costs, Shares     315,748      
Issuance of common stock under equity-based compensation plans, Shares 373   59,724 373    
Equity-based compensation $ 9,887     $ 9,887    
Unrealized gain (loss) on investments 102       102  
Net Loss (70,055)         (70,055)
Balances Ending at Jun. 30, 2025 492,146   $ 6 978,329 607 (486,796)
Balances, shares Ending at Jun. 30, 2025   647,500 59,074,391      
Balances Begning at Dec. 31, 2025 408,730   $ 6 995,823 1,020 (588,119)
Balances, shares Begning at Dec. 31, 2025   555,935 60,244,136      
Conversion of preferred stock into common stock, Shares   (73,946) 739,460      
Issuance of common stock under equity-based compensation plans, Shares     467,784      
Issuance of common stock under equity-based compensation plans 380     380    
Equity-based compensation 7,616     7,616    
Unrealized gain (loss) on investments (893)       (893)  
Net Loss (49,661)          
Balances Ending at Mar. 31, 2026 366,172   $ 6 1,003,819 127 (637,780)
Balances, shares Ending at Mar. 31, 2026   481,989 61,451,380      
Balances Begning at Dec. 31, 2025 408,730   $ 6 995,823 1,020 (588,119)
Balances, shares Begning at Dec. 31, 2025   555,935 60,244,136      
Unrealized gain (loss) on investments (1,154)          
Net Loss (103,365)          
Balances Ending at Jun. 30, 2026 321,754   $ 6 1,013,366 (134) (691,484)
Balances, shares Ending at Jun. 30, 2026   204,209 64,345,770      
Balances Begning at Mar. 31, 2026 366,172   $ 6 1,003,819 127 (637,780)
Balances, shares Begning at Mar. 31, 2026   481,989 61,451,380      
Conversion of preferred stock into common stock, Shares   (277,780) 2,777,800      
Issuance of common stock under equity-based compensation plans, Shares     116,590      
Issuance of common stock under equity-based compensation plans 1,100     1,100    
Equity-based compensation 8,447     8,447    
Unrealized gain (loss) on investments (261)       (261)  
Net Loss (53,704)         (53,704)
Balances Ending at Jun. 30, 2026 $ 321,754   $ 6 $ 1,013,366 $ (134) $ (691,484)
Balances, shares Ending at Jun. 30, 2026   204,209 64,345,770