XML 93 R70.htm IDEA: XBRL DOCUMENT v3.25.4
Segment Reporting - Schedule of Segment Reporting Presents Reportable Segment Profit and Loss (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Revenue $ 39,211 $ 47,072 $ 78,592
Less:      
Research and Development Expense, Total 316,568 240,248 189,081
Other external research and development expense [1] 92,165 84,981 94,700
Research and development compensation and related personnel expense [2] 90,346 75,975 65,039
Research and development overhead and administrative costs 47,442 39,487 29,342
General and administrative [3] 68,187 63,534 55,041
Interest and other expense [4] 4,225 5,174 196
Plus:      
Interest income 38,418 38,026 18,764
Segment net loss (311,351) (223,858) (146,962)
STAT6 Programs [Member]      
Less:      
Research and Development Expense, Total $ 86,615 $ 39,805 $ 0
[1]

(1) Certain prior period amounts have been recast to conform with current period presentation.

[2]

(2) Research and development compensation and related personnel expense for the years ended December 31, 2025, 2024 and 2023 is inclusive of $31.5 million, $27.8 million, and $21.6 million of stock-based compensation expense, respectively.

[3]

(3) General and administrative expense for the years ended December 31, 2025, 2024 and 2023 is inclusive of $28.4 million, $27.2 million, and $21.6 million of stock-based compensation expense, respectively.

[4]

(4) Other expense for the years ended December 31, 2025 and 2024 is inclusive of a $3.9 million and $4.9 million impairment of long-lived assets, respectively.