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Segment reporting (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Summary of Segment Loss Including Segment Expenses

The table below is a summary of the segment loss, including significant segment expenses (in thousands):

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands)

(in thousands)

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Support functions

 

$

12,311

 

 

$

17,347

 

 

$

39,619

 

 

$

56,171

 

Research, development, and laboratory

 

 

10,483

 

 

 

20,454

 

 

 

31,535

 

 

 

68,191

 

Stock-based compensation

 

 

5,475

 

 

 

10,769

 

 

 

19,126

 

 

 

31,241

 

Technical operations and manufacturing

 

 

4,667

 

 

 

9,617

 

 

 

16,615

 

 

 

31,092

 

Facility costs

 

 

5,406

 

 

 

6,083

 

 

 

15,740

 

 

 

18,257

 

Other(1)

 

 

2,049

 

 

 

2,988

 

 

 

6,531

 

 

 

12,339

 

Research and development related success payments and contingent consideration

 

 

3,124

 

 

 

(5,497

)

 

 

15,343

 

 

 

4,566

 

Impairment of long-lived assets

 

 

-

 

 

 

-

 

 

 

44,611

 

 

 

-

 

Total operating expenses

 

 

43,515

 

 

 

61,761

 

 

 

189,120

 

 

 

221,857

 

Loss from operations

 

 

(43,515

)

 

 

(61,761

)

 

 

(189,120

)

 

 

(221,857

)

Interest income, net

 

 

1,003

 

 

 

2,579

 

 

 

2,572

 

 

 

8,815

 

Other income (expense), net

 

 

360

 

 

 

(742

)

 

 

1,207

 

 

 

(4,648

)

Net loss

 

$

(42,152

)

 

$

(59,924

)

 

$

(185,341

)

 

$

(217,690

)

 

(1) Other includes licensing costs, consulting fees, insurance, and business taxes for the three and nine months ended September 30, 2025 and 2024.