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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Collaboration revenue $ 3,320 $ 7,874 $ 4,366 $ 11,548
Operating expenses:        
Research and development 19,460 27,611 37,317 61,252
General and administrative 8,253 14,401 16,361 29,129
Total operating expenses 27,713 42,012 53,678 90,381
Loss from operations (24,393) (34,138) (49,312) (78,833)
Other income, net 1,533 3,614 3,522 7,838
Loss before income taxes (22,860) (30,524) (45,790) (70,995)
Income tax expense 130 0 130 0
Net loss (22,990) (30,524) (45,920) (70,995)
Unrealized loss on marketable securities (22) (95) (292) (165)
Comprehensive loss $ (23,012) $ (30,619) $ (46,212) $ (71,160)
Net loss per share, basic $ (0.21) $ (0.3) $ (0.41) $ (0.71)
Net loss per share, diluted $ (0.21) $ (0.3) $ (0.41) $ (0.71)
Shares used in computing net loss per share, basic 111,224,116 100,371,632 110,908,937 99,887,605
Shares used in computing net loss per share, diluted 111,224,116 100,371,632 110,908,937 99,887,605