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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating expenses:    
Research and development $ 60,263 $ 57,288
General and administrative 28,719 13,268
Total operating expenses 88,982 70,556
Loss from operations (88,982) (70,556)
Other income:    
Interest income 13,295 8,170
Other income 419 698
Total other income 13,714 8,868
Net loss $ (75,268) $ (61,688)
Net loss per share, basic (in dollars per share) $ (1.88) $ (15.99)
Net loss per share, diluted (in dollars per share) $ (1.88) $ (15.99)
Weighted-average common shares outstanding, basic (in shares) 39,962,163 3,858,859
Weighted-average common shares outstanding, diluted (in shares) 39,962,163 3,858,859
Comprehensive loss:    
Net loss $ (75,268) $ (61,688)
Unrealized gain on marketable securities 172 368
Total other comprehensive gain 172 368
Comprehensive loss $ (75,096) $ (61,320)