Segment Reporting (Tables)

6 Months Ended

9 Months Ended

Dec. 31, 2024

Sep. 30, 2025

Segment Reporting

Summary Of Significant Expense Categories For The Segment

The table below is a summary of the significant expenses categories regularly provided to the CODM (in thousands):

	Period from June 18, 2024 (Inception) to December 31, 2024
Operating Expenses
JADE-001 external research and development costs(1)	$	22,992
JADE-002 external research and development costs(2)		2,437
JADE-003 external research and development costs(3)		2,141
Research and development personnel-related costs (including stock-based compensation)(4)		3,509
Other research and development costs		155
General and administrative personnel-related costs (including stock-based compensation)(5)		1,714
Professional and consulting fees(6)		2,253
Other general and administrative costs(7)		337
Total operating expenses	$	35,538

The table below is a summary of the significant expenses categories regularly provided to the CODM (in thousands):

	Three Months Ended September 30, 2025		Three Months Ended September 30, 2024		Nine Months Ended September 30, 2025		Period June 18, 2024 (Inception) Through September 30, 2024
Operating expenses:
JADE101 external research and development costs	$	6,035	$	12,631	$	23,051	$	12,709
JADE201 external research and development costs		6,720		259		20,230		259
JADE-003 external research and development costs		1,605		301		3,264		301
Research and development personnel-related costs (including stock-based compensation)		7,060		380		16,722		380
Other research and development costs		590		10		1,313		10
General and administrative personnel-related costs (including stock-based compensation)		3,585		14		8,261		14
General and administrative professional, consulting, and other fees		1,806		1,370		5,722		1,882
Total operating expenses	$	27,401	$	14,965	$	78,563	$	15,555