SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The Company’s reportable segment information is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Revenues	$	8,918	$	3,066	$	24,483	$	10,655
Cost of revenues	2,741		1,189		5,670		3,299
Operating and other expenses
Research and development	56,371		54,043		170,484		146,152
General and administrative	30,380		20,834		86,241		57,399
Other segment items(1)	356,640		2,064		357,997		3,008
Net loss	$	(437,214)	$	(75,064)	$	(595,909)	$	(199,203)

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(1)Other segment items are comprised of the loss on issuance of convertible preferred stock, interest income/expense and income taxes.