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Segment Information (Tables)
9 Months Ended
Sep. 30, 2026
Single Reportable Segment  
Segment Reporting [Line Items]  
Summary of Significant Segment Expenses

The following table presents significant segment expenses for the three and nine months ended September 30, 2026 and 2025 (in thousands):

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

$

—

 

 

$

—

 

 

$

—

 

 

$

4,288

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development program expense

 

 

 

 

 

 

 

 

 

 

 

 

Program expense

 

 

12,450

 

 

 

14,366

 

 

 

52,778

 

 

 

26,737

 

Consultants and contractors expense

 

 

5,290

 

 

 

2,913

 

 

 

14,536

 

 

 

9,385

 

Compensation expense

 

 

17,338

 

 

 

11,111

 

 

 

49,105

 

 

 

33,231

 

Other segment expense(a)

 

 

4,050

 

 

 

4,343

 

 

 

11,758

 

 

 

16,079

 

Consolidated net loss

 

$

(39,128

)

 

$

(32,733

)

 

$

(128,177

)

 

$

(81,144

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Other segment expense included in consolidated net loss includes interest income, depreciation, insurance, travel, software and subscription services, legal, professional and consulting expense, commercial readiness expense, rent and facilities expense, other general and administrative expense, net gain on lease termination, change in fair value of term loan, change in fair value of warrant liability and other expense.