XML 91 R66.htm IDEA: XBRL DOCUMENT v3.25.4
INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:      
Net operating losses $ 129,985 $ 90,330  
Tax credits 29,707 22,046  
Stock-based compensation 3,847 2,046  
Lease liabilities 5,271 8,294  
Reserves 0 379  
Capitalized research and development expenses 127,402 90,202  
Accruals and other temporary differences 4,575 3,000  
Total deferred tax assets 300,787 216,297  
Valuation allowance (279,370) (191,734) $ (120,116)
Total deferred tax assets, net of valuation allowance 21,417 24,563  
Deferred tax liabilities:      
Depreciation (17,106) (16,904)  
Right-of-use asset (4,366) (7,476)  
Total deferred tax liabilities (21,472) (24,380)  
Net deferred tax (liabilities) assets $ (55)    
Net deferred tax (liabilities) assets   $ 183