Equity Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2026

Equity Incentive Plans

Schedule of Stock Option Activity

	Options Outstanding
				Weighted
				Average
		Weighted		Remaining
		Average		Contractual	Aggregate
		Exercise		Term	Intrinsic
	Shares	Price		(Years)	Value (in thousands)
Outstanding at December 31, 2025	4,803,921	$	3.22	7.4	$	15,045
Granted	1,858,076	$	11.65		$	—
Exercised	(364,725)	$	3.33		$	2,041
Forfeited/Cancelled/Expired	(23,801)	$	18.93		$	89
Outstanding at June 30, 2026	6,273,471	$	5.65	7.9	$	14,800
Vested and expected to vest at June 30, 2026	6,273,471	$	5.65	7.9	$	14,800
Exercisable at June 30, 2026	2,869,012	$	3.62	6.5	$	8,411

Schedule of Restricted Stock Awards and Restricted Stock Unit Activity

		Weighted Avg
		Grant Date
	Shares	Fair Value
Outstanding at December 31, 2025	152,500	$	2.73
Granted	—	$	—
Vested	(17,500)	$	3.38
Cancelled	—	$	—
Outstanding at June 30, 2026	135,000	$	2.65

Schedule of Assumptions Used in the Black-Scholes Model

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Risk-free interest rate	4.01%	—	3.76%-4.01%	4.27%-4.30%
Expected volatility	98.36%	—	98.36%-100.00%	99.64%-101.43%
Expected term (in years)	6.00	—	5.50-7.00	5.75-6.25
Expected dividend yield	0%	—	0%	0%

Schedule of Stock-Based Compensation Expenses

	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Research and development	$	1,456	$	167	$	1,916	$	487
General and administrative		1,935		408		2,550		869
Total stock-based compensation expense	$	3,391	$	575	$	4,466	$	1,356