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v3.26.1

Segment Information - Schedule of Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2026 | Mar. 31, 2026 | Jun. 30, 2025 | Mar. 31, 2025 | Jun. 30, 2026 | Jun. 30, 2025
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Total Revenue |  | $ 0 |  | $ 0 |  | $ 0 | $ 7,145
Less: |  |  |  |  |  |  |
Net (loss) income |  | (16,640) | $ (22,194) | (52,615) | $ 73,016 | (38,834) | 20,401
Reportable Segment |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Total Revenue |  | 0 |  | 0 |  | 0 | 7,145
Less: |  |  |  |  |  |  |
Finance and accounting expenses | [1] | 1,697 |  | 2,033 |  | 3,775 | 5,249
Legal expenses |  | 1,230 |  | 984 |  | 2,282 | 3,571
Other segment items | [2] | 820 |  | 803 |  | 2,652 | (79,953)
Net (loss) income |  | (16,640) |  | (52,615) |  | (38,834) | 20,401
Reportable Segment | ADC |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |
Research and development expenses |  | 9,101 |  | 43,454 |  | 21,138 | 43,454
Contract manufacturing expenses |  | 3,792 |  | 5,402 |  | 8,980 | 8,877
Reportable Segment | FYARRO |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |
Research and development expenses |  | 0 |  | (47) |  | 7 | 5,266
Commercial and marketing expenses |  | $ (0) |  | $ (14) |  | $ 0 | $ 280
[1] | Finance and accounting expenses primarily include shared-based compensation, insurance, salaries and wages, and other outside consulting services.
[2] | Other segment items primarily include other SGA departmental expenses, cost of sales, other inc ome, and gain on sale of business.

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