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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Research and collaboration revenue $ 1,294 $ 858
Operating Expenses:    
Research and development 10,160 10,146
General and administrative 4,205 3,812
Total operating expenses 14,365 13,958
Loss from operations (13,071) (13,100)
Other (expense) income, net:    
Interest income 910 588
Change in fair value of derivative tranche liability (6,188) 0
Other income 18 79
Total other (expense) income, net (5,260) 667
Net loss $ (18,331) $ (12,433)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.32) $ (0.62)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.32) $ (0.62)
Weighted-average shares of common stock outstanding, basic (in shares) 57,923,674 20,152,872
Weighted-average common shares outstanding, diluted (in shares) 57,923,674 20,152,872
Net loss attributable to common stockholders $ (18,331) $ (12,433)
Other comprehensive income (loss) 0 0
Total comprehensive loss $ (18,331) $ (12,433)