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Equity Incentive Plans and Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Significant Assumptions

The significant assumptions used in these calculations are summarized as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Expected term (in years)			5.3 - 6.1						5.3 - 6.0						5.3 - 6.1						5.3 - 6.0
Expected volatility			75.5% - 80.7%						97.5% - 103.0%						75.5% - 82.0%						97.5% - 103.0%
Expected dividend rate			0.0		%				0.0		%				0.0		%				0.0		%
Risk free interest rate			3.91% - 4.29%						3.90% - 4.04%						3.69% - 4.29%						3.90% - 4.04%

Schedule of Option Award Activity

The following table summarizes option award activity during the six months ended June 30, 2026:

			Number of Stock Option Awards						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)						Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2025			17,270,870						$	3.22
Granted			3,614,000						$	2.37
Exercised			(670,244)						$	1.80
Forfeited			(923,289)						$	2.97
Outstanding as of June 30, 2026			19,291,337						$	3.12					7.1						$	4,701
Options vested and expected to vest as of June 30, 2026			19,291,337						$	3.12
Vested and exercisable at June 30, 2026			12,308,094						$	3.74					6.0						$	2,986

Schedule of Stock-Based Compensation Expense

The following sets forth the total stock-based compensation expense included in the Company’s condensed consolidated statement of operations:

			Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)			2026						2025						2026						2025
Research and development			$	459					$	686					$	982					$	1,454
Selling, general and administrative			699						1,023						1,538						2,423
Total stock-based compensation expense			$	1,158					$	1,709					$	2,520					$	3,877

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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.

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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
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of the change in stock options.

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-Section 50
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