SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2026

SEGMENT REPORTING

Schedule of revenue and expenses for the operating segment to consolidated amounts

	Three Months Ended March 31,
	2026		2025
Operating expenses:
Contracted research expense	$	23,942	$	21,298
Personnel expense		14,725		10,624
Stock-based compensation expense		8,715		9,059
Other segment expense(a)		6,196		4,464
Depreciation		537		514
Segment net loss		(54,115)		(45,959)
Reconciliation of net loss
Interest income		5,102		5,161
Net Loss	$	(49,013)	$	(40,798)

^a Other segment expense included in Segment net loss includes contracted administrative expenses, intellectual property fees, software costs, occupancy & equipment costs, and other overhead expenses.