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Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Summary of Significant Segment Expenses

The following table presents significant segment expenses for the years ended December 31, 2025 and 2024 (in thousands):

 

 

For the Twelve Months Ended December 31,

 

 

 

2025

 

 

2024

 

Revenue

 

$

9,773

 

 

$

8,333

 

Less:

 

 

 

 

 

 

Research and development program expense

 

 

 

 

 

 

Program expense

 

 

37,887

 

 

 

24,646

 

Consultants and contractors expense

 

 

12,175

 

 

 

15,204

 

Compensation expense

 

 

47,680

 

 

 

36,372

 

Other segment expense(a)

 

 

21,026

 

 

 

21,409

 

Consolidated net loss

 

$

(108,995

)

 

$

(89,298

)

 

 

 

 

 

 

 

(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.