Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.26.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating expenses:        
Research and development $ 47,144 $ 39,824 $ 128,927 $ 106,480
General and administrative 7,563 6,764 22,097 23,150
Total operating expenses 54,707 46,588 151,024 129,630
Loss from operations (54,707) (46,588) (151,024) (129,630)
Other income (expense):        
Interest income 2,144 1,808 4,824 4,705
Interest expense (511) (584) (1,664) (1,449)
Other income, net 21 498 278 437
Net loss (53,053) (44,866) (147,586) (125,937)
Other comprehensive income:        
Net unrealized gain (loss) on available-for-sale investments, net of tax 0 22 (25) 23
Net comprehensive loss $ (53,053) $ (44,844) $ (147,611) $ (125,914)
Net loss per share, basic $ (0.28) $ (0.44) $ (0.98) $ (1.75)
Net loss per share, diluted $ (0.28) $ (0.44) $ (0.98) $ (1.75)
Weighted Average Number of Shares Outstanding, Basic 186,784,096 102,262,904 150,263,791 71,816,247
Weighted-average common shares outstanding diluted 186,784,096 102,262,904 150,263,791 71,816,247