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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Operations for Reportable Segment

The following table presents the operations for the reportable segment for the three and six months ended June 30, 2025 and 2024 (in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Research and development - external expenses(1)		$	31,278			$	15,678			$	65,776			$	27,369
Research and development - personnel			8,376				5,479				17,422				11,103
General and administrative - personnel			2,153				1,561				4,493				3,057
Other general and administrative expenses(2)			5,174				5,383				11,080				9,946
Depreciation expense			540				537				1,077				1,075
Stock-based compensation			4,205				4,942				9,283				9,602
Total operating expense			51,726				33,580				109,131				62,152
Loss from operations			(51,726	)			(33,580	)			(109,131	)			(62,152	)
Interest and other income, net			2,570				3,970				5,619				7,366
Consolidated segment net loss		$	(49,156	)		$	(29,610	)		$	(103,512	)		$	(54,786	)

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(1) Research and development - external expenses include program expenses, other non-program specific expenses and other research expenses.

(2) Other general and administrative expenses include consulting and professional services fees for legal, accounting, tax, and facilities costs.

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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

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X

- References

No definition available.

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