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v3.25.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2025 and 2024 (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Research and development - external expenses(1) |  | $ | 37,733 |  |  | $ | 20,414 |  |  | $ | 103,509 |  |  | $ | 47,783 |
Research and development - personnel |  |  | 7,916 |  |  |  | 6,031 |  |  |  | 25,338 |  |  |  | 17,134 |
General and administrative - personnel |  |  | 2,193 |  |  |  | 1,521 |  |  |  | 6,686 |  |  |  | 4,578 |
Other general and administrative expenses(2) |  |  | 4,795 |  |  |  | 6,329 |  |  |  | 15,875 |  |  |  | 16,275 |
Depreciation expense |  |  | 546 |  |  |  | 538 |  |  |  | 1,623 |  |  |  | 1,613 |
Stock-based compensation |  |  | 3,835 |  |  |  | 4,609 |  |  |  | 13,118 |  |  |  | 14,211 |
Total operating expense |  |  | 57,018 |  |  |  | 39,442 |  |  |  | 166,149 |  |  |  | 101,594 |
Loss from operations |  |  | (57,018 | ) |  |  | (39,442 | ) |  |  | (166,149 | ) |  |  | (101,594 | )
Interest and other income, net |  |  | 2,096 |  |  |  | 4,618 |  |  |  | 7,715 |  |  |  | 11,984 |
Consolidated segment net loss |  | $ | (54,922 | ) |  | $ | (34,824 | ) |  | $ | (158,434 | ) |  | $ | (89,610 | )
__________________ (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 + Details
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