XML 93 R71.htm IDEA: XBRL DOCUMENT v3.25.4
Income Taxes - Summary of deferred tax assets and liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Gross deferred tax assets    
Net operating loss carryforwards $ 245,763 $ 176,816
Tax credit carryforwards 37,516 24,718
Deferred research and development expenses 86,252 101,047
Stock-based compensation 8,856 20,940
Fixed assets 392 1,033
Accrued expenses and other 1,623 429
Deferred tax assets, gross 380,402 324,983
Gross deferred tax liabilities    
IPR&D intangibles (6,840) (6,840)
Other (670)  
Total deferred tax assets and liabilities 372,892 318,143
Valuation allowance (374,505) (319,756)
Net deferred tax liability $ (1,613) $ (1,613)