XML 82 R62.htm IDEA: XBRL DOCUMENT v3.25.1
Income Taxes - Reconciliation of Reported Estimated Income Tax Benefit (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
United States federal tax at statutory rate $ (13,866) $ (1,902) $ (25,149)
State taxes (net of federal benefit) (4,183) (163) (7,385)
Deferred income tax adjustments (7,299) 5,024 308
Deferred state blended rate adjustments (2,663) 1,841 0
Research credit, net (12,082) (3,168) (4,569)
Orphan drug credit, net (1,308) 2,374 (10,846)
Other permanent items 388 1,301 1,362
Equity-based compensation 5,594 1,950 1,604
Change in valuation allowance 36,287 (7,257) 44,675
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount 76 0 0
Income tax expense/(benefit) $ 944 $ 0 $ 0