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Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s Chief Executive Officer is its CODM. The Company’s CODM uses consolidated net loss in assessing operating decisions, allocating resources and evaluating financial performance. Consolidated net loss is used to monitor budget versus actual results. The Company identified the following significant segment expenses for its single reportable segment:
(in thousands)
Year Ended December 31, 2025Year Ended December 31, 2024
Significant segment expenses:
Payroll-related expenses$30,981 $33,502 
Professional services and laboratory expenses11,910 17,716 
Stock-based compensation expense6,844 12,701 
Facilities expenses11,534 10,902 
Other segment items (1)
5,568 6,655 
Total operating expenses66,837 81,476 
Reconciliation to net loss:
Interest income(7,868)(10,780)
Other expense32 84 
Net loss$59,001 $70,780 
Footnotes:
(1)
Other segment items for the Company’s single reportable segment include travel and entertainment, insurance, tax, expensed computer hardware and software, depreciation, and other miscellaneous expenses.