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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 46,319 $ 23,485 $ 74,082 $ 47,189
Selling, general and administrative 15,091 7,367 27,274 15,125
Total operating expenses 61,410 30,852 101,356 62,314
Loss from operations (61,410) (30,852) (101,356) (62,314)
Other income (expense), net:        
Interest income 7,057 4,573 13,937 9,092
Interest expense (910) 0 (1,807) 0
Other income (expense) 68 (13) 65 (14)
Total other income (expense), net 6,215 4,560 12,195 9,078
Loss before income taxes (55,195) (26,292) (89,161) (53,236)
Income tax expense (52) (60) (171) (65)
Net loss $ (55,247) $ (26,352) $ (89,332) $ (53,301)
Net loss per share, basic $ (1.58) $ (1.03) $ (2.61) $ (2.11)
Net loss per share, diluted $ (1.58) $ (1.03) $ (2.61) $ (2.11)
Weighted-average common shares outstanding-basic 35,024,592 25,649,043 34,179,364 25,229,456
Weighted-average common shares outstanding-diluted 35,024,592 25,649,043 34,179,364 25,229,456
Comprehensive loss:        
Net loss $ (55,247) $ (26,352) $ (89,332) $ (53,301)
Other comprehensive income:        
Foreign currency translation adjustments (15) 6 (1) 6
Unrealized gain on marketable securities (247) (66) (15) (66)
Total other comprehensive loss (262) (60) (16) (60)
Comprehensive loss $ (55,509) $ (26,412) $ (89,348) $ (53,361)