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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Restrictions on Cash and Cash Equivalents The cash, cash equivalents, and restricted cash balance included the following (in thousands):

 

 

March 31,

 

 

December 31,

 

 

2026

 

 

2025

 

Cash

 

$

460

 

 

$

624

 

Cash equivalents

 

 

52,198

 

 

 

373,063

 

Restricted cash

 

 

132

 

 

 

132

 

Total cash, cash equivalents, and restricted cash

 

$

52,790

 

 

$

373,819

 

Schedule of Research and Development Expense The chief operating decision-maker reviews research and development expenses by the following significant categories presented in the table below (in thousands):

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Research and development trials and consumables expenses

 

$

28,848

 

 

$

13,278

 

Payroll and personnel expenses

 

 

9,455

 

 

 

5,561

 

Facilities and other expenses

 

 

1,499

 

 

 

1,796

 

Total research and development

 

$

39,802

 

 

$

20,635