Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense by Type of Award

The following table summarizes stock-based compensation expense during the three and six months ended June 30, 2025 and 2024 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Stock-based compensation expense by type of award:
Time-based stock options	$	7,374	$	7,586	$	15,065	$	14,944
Employee stock purchase plan		149		161		298		322
Time-based restricted stock units		57		57		113		96
Performance-based restricted stock units		2,136		2,208		4,248		4,043
Total	$	9,716	$	10,012	$	19,724	$	19,405

Schedule of Stock Based Compensation Expense

The Company recorded stock-based compensation expense in the following expense categories of its condensed consolidated statements of operations and comprehensive loss (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Research and development expenses	$	4,966	$	4,720	$	10,220	$	9,152
General and administrative expenses		4,750		5,292		9,504		10,253
Total	$	9,716	$	10,012	$	19,724	$	19,405