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Segments (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Summary of Significant Expense and Asset Categories | The table below summarizes the significant expense categories regularly reviewed by the CODM for the years ended December 31, 2025 and 2024 (in thousands).
|  | The year ended December 31, |  |
|  | 2025 |  |  | 2024 |  |
Operating expenses: |  |  |  |  |  |  |
Research and development |  |  | 32,672 |  |  |  | 12,709 |  |
General and administrative |  |  | 23,713 |  |  |  | 6,785 |  |
Total operating expenses |  |  | 56,385 |  |  |  | 19,494 |  |
Net operating loss |  |  | (56,385 | ) |  |  | (19,494 | ) |
Other segment items (a) |  |  |  |  |  |  |
Interest income |  |  | 3,819 |  |  |  | 1,914 |  |
Interest expense |  |  | - |  |  |  | (23 | ) |
Other income, net |  |  | (33 | ) |  |  | 1 |  |
Net loss (b) |  | $ | (52,599 | ) |  | $ | (17,602 | ) |
(a) Other segment items included in segment loss includes interest income and interest expense. (b) The Company is a single operating segment and therefore the measure of segment net loss is the same as consolidated net loss and does not require reconciliation. The table below summarizes the significant asset categories regularly reviewed by the CODM for the years ended December 31, 2025 and 2024 (in thousands).
|  | The year ended December 31, |  |
|  | 2025 |  |  | 2024 |  |
Assets: |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 97,565 |  |  |  | 94,851 |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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