Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Stockholders' Equity (Unaudited)

v3.26.3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Deficit [Member]
Beginning balance at Dec. 31, 2024 $ 152,335 $ 1 $ 501,435 $ 0 $ (349,101)
Beginning balance, Shares at Dec. 31, 2024   50,743,101      
Stock-based compensation 5,161   5,161    
Net Income (Loss) (35,943)       (35,943)
Ending balance, Shares at Mar. 31, 2025   50,743,101      
Ending balance at Mar. 31, 2025 121,553 $ 1 506,596   (385,044)
Beginning balance at Dec. 31, 2024 152,335 $ 1 501,435 0 (349,101)
Beginning balance, Shares at Dec. 31, 2024   50,743,101      
Net Income (Loss) (125,937)        
Ending Balance at Sep. 30, 2025       23  
Ending balance, Shares at Sep. 30, 2025   96,265,204      
Ending balance at Sep. 30, 2025 139,466 $ 1 614,480   (475,038)
Beginning balance at Dec. 31, 2024 152,335 $ 1 501,435 0 (349,101)
Beginning balance, Shares at Dec. 31, 2024   50,743,101      
Ending Balance at Dec. 31, 2025       25  
Ending balance, Shares at Dec. 31, 2025   100,479,323      
Ending balance at Dec. 31, 2025 112,051 $ 1 628,982   (516,957)
Beginning balance at Mar. 31, 2025 121,553 $ 1 506,596   (385,044)
Beginning balance, Shares at Mar. 31, 2025   50,743,101      
Issuance of common stock, warrants and pre-funded warrants, net of issuance costs, Shares   39,200,000      
Issuance of common stock, warrants and pre-funded warrants, net of issuance costs, Value 93,558   93,558    
Issuance of common stock from ATM offering, Shares   1,384,865      
Issuance of common stock from ATM offering, Amount 2,595   2,595    
Issuance of common stock under employee stock purchase plan, shares   123,933      
Issuance of common stock under employee stock purchase plan 197   197    
Stock-based compensation 5,705   5,705    
Net unrealized losses on available-for-sale securities 1     1  
Net Income (Loss) (45,128)       (45,128)
Ending Balance at Jun. 30, 2025       1  
Ending balance, Shares at Jun. 30, 2025   91,451,899      
Ending balance at Jun. 30, 2025 178,481 $ 1 608,651   (430,172)
Issuance of common stock upon exercise of pre-funded warrants   4,799,971      
Issuance of common stock in connection with exercise of stock options, Shares   13,334      
Issuance of common stock in connection with exercise of stock options, Values 14   14    
Stock-based compensation 5,815   5,815    
Net unrealized losses on available-for-sale securities 22     22  
Net Income (Loss) (44,866)       (44,866)
Ending Balance at Sep. 30, 2025       23  
Ending balance, Shares at Sep. 30, 2025   96,265,204      
Ending balance at Sep. 30, 2025 139,466 $ 1 614,480   (475,038)
Beginning balance at Dec. 31, 2025 112,051 $ 1 628,982   (516,957)
Beginning balance, Shares at Dec. 31, 2025   100,479,323      
Beginning Balance at Dec. 31, 2025       25  
Issuance of common stock, warrants and pre-funded warrants, net of issuance costs, Shares   2,775,100      
Issuance of common stock, warrants and pre-funded warrants, net of issuance costs, Value 6,938   6,938    
Issuance of common stock from ATM offering, Shares   8,055,260      
Issuance of common stock from ATM offering, Amount 22,568   22,568    
Issuance of common stock in connection with exercise of stock options, Shares   15,113      
Issuance of common stock in connection with exercise of stock options, Values 32   32    
Stock-based compensation 5,256   5,256    
Net unrealized losses on available-for-sale securities (25)     (25)  
Net Income (Loss) (43,515)       (43,515)
Ending balance, Shares at Mar. 31, 2026   111,324,796      
Ending balance at Mar. 31, 2026 103,305 $ 1 663,776 0 (560,472)
Beginning balance at Dec. 31, 2025 112,051 $ 1 628,982   (516,957)
Beginning balance, Shares at Dec. 31, 2025   100,479,323      
Beginning Balance at Dec. 31, 2025       25  
Net Income (Loss) (147,586)        
Ending balance, Shares at Sep. 30, 2026   215,720,392      
Ending balance at Sep. 30, 2026 283,919 $ 2 948,460 0 (664,543)
Beginning balance at Mar. 31, 2026 103,305 $ 1 663,776 0 (560,472)
Beginning balance, Shares at Mar. 31, 2026   111,324,796      
Issuance of common stock, net of issuance costs 140,201   140,201    
Issuance of common stock, net of issuance costs, Shares   51,725,000      
Issuance of common stock upon exercise of common stock warrants, Shares   2,500,000      
Issuance of common stock upon exercise of common stock warrants, Values 6,250   6,250    
Issuance of common stock from ATM offering, Shares   2,077,107      
Issuance of common stock from ATM offering, Amount 6,162   6,162    
Issuance of common stock under employee stock purchase plan, shares   80,490      
Issuance of common stock under employee stock purchase plan 160   160    
Issuance of common stock in connection with exercise of stock options, Shares   19,144      
Issuance of common stock in connection with exercise of stock options, Values 34   34    
Stock-based compensation 5,499   5,499    
Net Income (Loss) (51,018)       (51,018)
Ending balance, Shares at Jun. 30, 2026   167,726,537      
Ending balance at Jun. 30, 2026 210,593 $ 1 822,082 0 (611,490)
Issuance of common stock upon exercise of common stock warrants, Shares   46,011,900      
Issuance of common stock upon exercise of common stock warrants, Values $ 115,030 $ 1 115,029    
Issuance of common stock from ATM offering, Shares 1,924,835 1,924,835      
Issuance of common stock from ATM offering, Amount $ 5,984   5,984    
Issuance of common stock in connection with exercise of stock options, Shares   57,120      
Issuance of common stock in connection with exercise of stock options, Values 101   101    
Stock-based compensation 5,264   5,264    
Net Income (Loss) (53,053)       (53,053)
Ending balance, Shares at Sep. 30, 2026   215,720,392      
Ending balance at Sep. 30, 2026 $ 283,919 $ 2 $ 948,460 $ 0 $ (664,543)