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Segment Reporting (Tables)

9 Months Ended

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	)

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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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