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Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Summary of Significant Segment Expenses

The following table presents significant segment expenses for the three and nine months ended September 30, 2025 and 2024 (in thousands):

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue

 

$

 

 

$

1,788

 

 

$

4,288

 

 

$

6,311

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development program expense

 

 

 

 

 

 

 

 

 

 

 

 

Program expense

 

 

14,366

 

 

 

4,673

 

 

 

26,737

 

 

 

20,159

 

Consultants and contractors expense

 

 

2,913

 

 

 

3,662

 

 

 

9,385

 

 

 

11,756

 

Compensation expense

 

 

11,111

 

 

 

9,283

 

 

 

33,231

 

 

 

26,707

 

Other segment expense(a)

 

 

4,343

 

 

 

9,694

 

 

 

16,079

 

 

 

18,202

 

Consolidated net loss

 

$

(32,733

)

 

$

(25,524

)

 

$

(81,144

)

 

$

(70,513

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Other segment expense included in consolidated net loss includes interest income, depreciation, insurance, travel, software and subscription services, legal, professional and consulting expense, rent and facilities expense, other general and administrative expense, impairment of long-lived assets, change in fair value of term loan, change in fair value of warrant liability and other expense.