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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 103,902 $ 44,865 $ 168,296 $ 92,293
General and administrative 11,922 8,571 23,437 18,420
Total operating expenses 115,824 53,436 191,733 110,713
Loss from operations (115,824) (53,436) (191,733) (110,713)
Interest expense (1,137) (874) (2,404) (1,737)
Interest income and other, net 6,210 6,473 12,248 13,029
Net loss before income tax (110,751) (47,837) (181,889) (99,421)
Income tax expense (753) (134) (890) (231)
Net loss (111,504) (47,971) (182,779) (99,652)
Other comprehensive income (loss):        
Unrealized loss on marketable securities (244) (169) (414) (883)
Foreign currency translation adjustments (19) 5 (27) 10
Total other comprehensive loss (263) (164) (441) (873)
Comprehensive loss $ (111,767) $ (48,135) $ (183,220) $ (100,525)
Net loss per share, basic $ (0.71) $ (0.48) $ (1.2) $ (1.02)
Net loss per share, diluted $ (0.71) $ (0.48) $ (1.2) $ (1.02)
Weighted-average shares used to compute net loss per share, basic 157,880,203 99,831,111 152,154,469 97,838,926
Weighted-average shares used to compute net loss per share, diluted 157,880,203 99,831,111 152,154,469 97,838,926