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Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance, (in shares) at Dec. 31, 2022 [1]   12,479,000      
Beginning balance at Dec. 31, 2022 [1] $ 833,252 $ 1 $ 1,608,330 $ (7,599) $ (767,480)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 47,084   47,084    
Issuance of common stock upon exercise of stock options (in shares)   150,000      
Issuance of common stock upon exercise of stock options 306   306    
Issuance of common stock under employee stock purchase plan (in shares)   49,000      
Issuance of common stock under employee stock purchase plan 1,894   1,894    
Issuance of common stock in connection with restricted stock units, net of tax (in shares)   20,000      
Issuance of common stock in connection with restricted stock units, net of tax (457)   (457)    
Other comprehensive (loss) income 7,505     7,505  
Net loss (234,632)       (234,632)
Ending balance, (in shares) at Dec. 31, 2023 [1]   12,698,000      
Ending balance at Dec. 31, 2023 [1] 654,952 $ 1 1,657,157 (94) (1,002,112)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation 33,144   33,144    
Issuance of common stock upon exercise of stock options (in shares)   62,000      
Issuance of common stock upon exercise of stock options 154   154    
Issuance of common stock under employee stock purchase plan (in shares)   48,000      
Issuance of common stock under employee stock purchase plan 1,248   1,248    
Issuance of common stock in connection with restricted stock units, net of tax (in shares)   61,000      
Issuance of common stock in connection with restricted stock units, net of tax (76)   (76)    
Issuance of common stock as payment for acquisition of IPR&D asset (in shares)   1,875,000      
Issuance of common stock for acquisition of IPR&D 36,011   36,011    
Other comprehensive (loss) income 385     385  
Net loss $ (342,994)       (342,994)
Ending balance, (in shares) at Dec. 31, 2024 14,743,777 14,744,000 [1]      
Ending balance at Dec. 31, 2024 [1] $ 382,824 $ 1 1,727,638 291 (1,345,106)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Stock-based compensation $ 41,829   41,829    
Issuance of common stock upon exercise of stock options (in shares) 3,750 3,000      
Issuance of common stock upon exercise of stock options $ 42   42    
Issuance of common stock under employee stock purchase plan (in shares)   52,000      
Issuance of common stock under employee stock purchase plan 365   365    
Issuance of common stock in connection with restricted stock units, net of tax (in shares)   173,000      
Issuance of common stock in connection with restricted stock units, net of tax (1)   (1)    
Issuance of common stock in connect with contingent consideration milestone (in shares)   625,000      
Issuance of common stock in connect with contingent consideration milestone 5,894   5,894    
Issuance of common stock in connection with PIPE financing (in shares)   3,754,000      
Issuance of common stock in connection with PIPE financing 57,774 $ 1 57,773    
Issuance of common stock as payment for acquisition of IPR&D asset (in shares)   1,900,000      
Issuance of common stock for acquisition of IPR&D 33,972   33,972    
Other comprehensive (loss) income (49)     (49)  
Net loss $ (274,448)       (274,448)
Ending balance, (in shares) at Dec. 31, 2025 21,251,353 21,251,000      
Ending balance at Dec. 31, 2025 $ 248,202 $ 2 $ 1,867,512 $ 242 $ (1,619,554)
[1]
1. Amounts previously reported have been retroactively adjusted to reflect the 1-for-20 reverse stock split effected on May 30, 2025. See Note 2