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Common Stock and Stock-Based Awards (Tables) | 6 Months Ended
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Jun. 30, 2026
Equity [Abstract] |
Summary of Stock Option Activity | The following table summarizes the Company’s stock option activity since December 31, 2025:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
|  |  |  |  |  |  |  | (in years) |  |  |  |
Outstanding as of December 31, 2025 |  |  | 1,124,208 |  |  | $ | 68.07 |  |  |  | 7.17 |  |  | $ | 228 |
Granted |  |  | 586,605 |  |  | $ | 8.78 |  |  |  |  |  |  |
Exercised |  |  | — |  |  |  |  |  |  |  |  |  |
Forfeited |  |  | (162,123 | ) |  | $ | 92.07 |  |  |  |  |  |  |
Outstanding as of June 30, 2026 |  |  | 1,548,690 |  |  | $ | 43.10 |  |  |  | 7.77 |  |  | $ | — |
Vested or expected to vest as of June 30, 2026 |  |  | 1,548,690 |  |  | $ | 43.10 |  |  |  | 7.77 |  |  | $ | — |
Options exercisable as of June 30, 2026 |  |  | 624,069 |  |  | $ | 87.66 |  |  |  | 5.84 |  |  | $ | — |
Summary of Restricted and Performance Stock Unit Activity | The following table summarizes the Company’s RSU and PSU activity since December 31, 2025:
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Unvested restricted stock units as of December 31, 2025 |  |  | 24,150 |  |  | $ | 57.31 |
Granted |  |  | 173,385 |  |  | $ | 8.74 |
Vested |  |  | (9,383 | ) |  | $ | 68.97 |
Forfeited |  |  | (26,404 | ) |  | $ | 10.84 |
Unvested restricted stock units as of June 30, 2026 |  |  | 161,748 |  |  | $ | 12.15 |
Summary of Stock Based Compensation Expense | The Company recorded stock-based compensation expense in the following expense categories of its condensed consolidated statements of operations and comprehensive (loss) income (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Research and development expenses |  | $ | 769 |  |  | $ | 1,011 |  |  | $ | 1,494 |  |  | $ | 2,341 |
General and administrative expenses |  |  | 970 |  |  |  | 1,329 |  |  |  | 2,011 |  |  |  | 2,818 |
|  | $ | 1,739 |  |  | $ | 2,340 |  |  | $ | 3,505 |  |  | $ | 5,159 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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