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Segment Information (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information

The following table sets forth the Company’s segment information (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

 

2026

 

 

2025

 

Direct external expenses by program:

 

 

 

 

 

 

 

Zidesamtinib

 

 

$

12,309

 

 

$

15,551

 

Neladalkib

 

 

 

26,316

 

 

 

28,007

 

NVL-330

 

 

 

6,826

 

 

 

3,961

 

Discovery programs

 

 

 

2,803

 

 

 

2,133

 

Personnel-related expenses

 

 

 

23,590

 

 

 

14,928

 

Stock-based compensation expense

 

 

 

28,880

 

 

 

20,380

 

General and administrative professional and consultant fees

 

 

 

4,343

 

 

 

2,866

 

Change in fair value of related party revenue share liability

 

 

 

2,570

 

 

 

1,430

 

Interest income

 

 

 

(12,862

)

 

 

(11,835

)

Other segment items(1)

 

 

 

14,336

 

 

 

7,004

 

Income tax provision

 

 

 

168

 

 

 

157

 

Consolidated net loss

 

 

$

(109,279

)

 

$

(84,582

)

(1) Other segment items included in consolidated net loss include expenses for commercialization preparation activities, research and development consulting services, information technology, employee recruitment, and other miscellaneous activities.