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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Revenues $ 18,658 $ 25,115 $ 69,575 $ 66,578
Type of Revenue [Extensible List] us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember us-gaap:LicenseAndServiceMember
Operating expenses:        
Research and development $ 13,322 $ 25,172 $ 32,189 $ 47,224
General and administrative 6,622 8,395 16,050 16,149
Total operating expenses 19,944 33,567 48,239 63,373
Income (loss) from operations (1,286) (8,452) 21,336 3,205
Interest income 1,178 1,971 2,133 4,165
Other (expense) income, net 17 (2) 28 (12)
Income (loss) before income taxes (91) (6,483) 23,497 7,358
Provision for income taxes 63 51 126 101
Net Income (Loss) (154) (6,534) 23,371 7,257
Other comprehensive income (loss):        
Unrealized (loss) gain on investments, net of tax 34 6 6 (99)
Total comprehensive income (loss) $ (120) $ (6,528) $ 23,377 $ 7,158
Net income (loss) per share, Basic $ (0) $ (0.08) $ 0.22 $ 0.09
Net income (loss) per share, Diluted $ (0) $ (0.08) $ 0.21 $ 0.09
Shares used to compute net income (loss) per share, Basic 129,075,546 84,880,632 108,214,373 83,455,047
Shares used to compute net income (loss) per share, Diluted 129,075,546 84,880,632 108,928,284 84,115,530