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Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2026
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Award Activity | The following is a summary of the Company’s stock option award activity under the 2024 Plan during the three months ended March 31, 2026:
|  | Number of Stock Options |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term (in years) |  |  | Aggregate Intrinsic Value (in thousands) |
Outstanding at December 31, 2025 |  |  | 8,569,619 |  |  | $ | 4.60 |  |  |  | 8.67 |  |  | $ | 28,669 |
Granted |  |  | 1,038,909 |  |  |  | 10.09 |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | (289,028 | ) |  |  | 4.64 |  |  |  | — |  |  |  | — |
Expired |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Outstanding at March 31, 2026 |  |  | 9,319,500 |  |  | $ | 5.30 |  |  |  | 8.43 |  |  | $ | 47,390 |
Vested and expected to vest at March 31, 2026 |  |  | 9,319,500 |  |  | $ | 5.30 |  |  |  | 8.43 |  |  | $ | 47,390 |
Exercisable at March 31, 2026 |  |  | 5,688,843 |  |  | $ | 4.22 |  |  |  | 8.01 |  |  | $ | 33,744 |
Schedule of Ranges of Assumptions Used in Black-Scholes Option-Pricing Model | The following table presents the ranges of assumptions used by the Company in the Black-Scholes option-pricing model during the three months ended March 31, 2026 and 2025:
| March 31,
| 2026 |  | 2025
Expected term (in years) | 5.50 - 6.11 years |  | 5.85 - 6.08 years
Risk-free interest rate | 3.59% - 3.86% |  | 3.93% - 4.39%
Volatility | 93.71% - 94.23% |  | 90.74% - 91.63%
Dividend yield | 0.00% |  | 0.00%
Summary of Restricted Stock Award Activity | The following is a summary of the Company’s restricted stock award activity under the 2024 Plan during the three months ended March 31, 2026:
|  | Number of Units |  |  | Weighted- Average Fair Value |
Unvested at December 31, 2025 |  |  | 154,778 |  |  | $ | 3.05 |
Vested |  |  | (33,166 | ) |  |  | 3.05 |
Unvested at March 31, 2026 |  |  | 121,612 |  |  | $ | 3.05 |
Schedule of Stock-Based Compensation Expense | The following table represents stock-based compensation expense recorded in the Company’s condensed consolidated statements of operations and comprehensive loss (in thousands):
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
Research and development |  | $ | 891 |  |  | $ | 497 |
General and administrative |  | $ | 1,678 |  |  |  | 1,122 |
Stock-based compensation expense |  | $ | 2,569 |  |  | $ | 1,619 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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