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Restructuring (Tables) | 6 Months Ended
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Jun. 30, 2026
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | The following table summarizes the restructuring costs incurred and the total estimated costs expected to be incurred in connection with the 2026 Restructuring:
| Three Months Ended June 30, 2026 |  | Six Months Ended June 30, 2026 |  | Cumulative Costs to Date |  | Total Estimated Costs
| (in thousands)
Employee severance, benefits and related taxes | $ | 83 |  |  | $ | 2,640 |  |  | $ | 2,640 |  |  | $ | 2,640 |
Employee retention bonuses, benefits and related taxes | 1,296 |  |  | 2,079 |  |  | 2,079 |  |  | 2,881 |
Stock-based compensation | 50 |  |  | 665 |  |  | 665 |  |  | 665 |
Contract termination costs | (50) |  |  | 300 |  |  | 300 |  |  | 300 |
Total restructuring costs | $ | 1,379 |  |  | $ | 5,684 |  |  | $ | 5,684 |  |  | $ | 6,486 |
Total restructuring costs recognized in our condensed consolidated statements of operations were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
| (in thousands)
Research and development | $ | 419 |  |  | $ | — |  |  | $ | 3,477 |  |  | $ | — |
General and administrative | 960 |  |  | — |  |  | 2,207 |  |  | — |
Total restructuring costs | $ | 1,379 |  |  | $ | — |  |  | $ | 5,684 |  |  | $ | — |
Accrued restructuring costs, which are included in accrued expenses and other current liabilities on our condensed consolidated balance sheets were as follows (in thousands):
Balance as of December 31, 2025 | $ | — |  |  |
Restructuring costs recognized during the period | 4,305 |  |  |
Cash payments made during the period | (3,971) |  |  |
Employee retention bonuses paid in advance | 724 |  |  |
Non-cash charges recognized during the period | (615) |  |  |
Balance as of March 31, 2026 | 443 |  |  |
Restructuring costs recognized during the period | 1,379 |  |  |
Cash payments made during the period | (1,229) |  |  |
Amortization of employee retention bonuses paid in the prior period | (509) |  |  |
Non-cash charges recognized during the period | (50) |  |  |
Balance as of June 30, 2026 | $ | 34 |  |  |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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