Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 37,638 $ 23,427 $ 66,656 $ 45,381
General and administrative 8,268 6,852 16,386 12,929
Total operating expenses 45,906 30,279 83,042 58,310
Loss from operations (45,906) (30,279) (83,042) (58,310)
Other income (expense):        
Interest income 1,410 2,677 2,897 5,661
Interest expense (571) 0 (865) 0
Other expense (61) 0 (61) 0
Net loss (45,128) (27,602) (81,071) (52,649)
Other comprehensive income:        
Net unrealized gain (loss) on available-for-sale investments, net of tax 1 9 1 (68)
Net comprehensive loss $ (45,127) $ (27,593) $ (81,070) $ (52,717)
Net loss per share of voting and non-voting common stock, basic $ (0.73) $ (0.56) $ (1.44) $ (1.07)
Net loss per share of voting and non-voting common stock, diluted $ (0.73) $ (0.56) $ (1.44) $ (1.07)