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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of Reconciliation to Net Loss

A reconciliation to the net loss for the three and six months ended June 30, 2025 and 2024 is included at the bottom of the table below.

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Segment expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Personnel related expenses, excluding share-based compensation(1)

 

 

7,718

 

 

 

9,921

 

 

$

23,615

 

 

$

20,409

 

Facilities expenses

 

 

4,771

 

 

 

4,706

 

 

 

9,336

 

 

 

9,352

 

Direct external development program expenses

 

 

4,850

 

 

 

4,475

 

 

 

10,270

 

 

 

11,068

 

Other segment expenses (2)

 

 

5,463

 

 

 

4,937

 

 

 

11,012

 

 

 

9,349

 

Total segment expenses:

 

 

22,802

 

 

 

24,039

 

 

 

54,233

 

 

 

50,178

 

Segment loss

 

 

(22,802

)

 

 

(24,039

)

 

 

(54,233

)

 

 

(50,178

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciling items:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

(2,331

)

 

 

(2,262

)

 

 

(4,630

)

 

 

(4,517

)

Share-based compensation

 

 

(2,053

)

 

 

(4,414

)

 

 

(4,887

)

 

 

(8,782

)

Interest income

 

 

3,970

 

 

 

5,724

 

 

 

8,346

 

 

 

8,970

 

Other income (expense), net

 

 

239

 

 

 

(2

)

 

 

444

 

 

 

(4

)

Net loss

 

$

(22,977

)

 

$

(24,993

)

 

$

(54,960

)

 

$

(54,511

)

 

(1) Personnel related expenses include ($0.1) million and $5.0 million of severance and other benefits expense for the three and six months ended June 30, 2025, respectively.

(2) Other segment items include consultants and contractor, lab supplies, and general business expenses.