v3.25.3

Segment Reporting - Summar of Segment Net Loss, Including Significant Segment Expenses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Research and development expenses:
Research expenses	$ 10,467,000	$ 2,685,000	$ 26,156,000	$ 6,296,000
Personnel-related (including stock-based compensation expense)	3,046,000	1,198,000	7,776,000	2,733,000
Facilities-related and other allocated costs	224,000	182,000	705,000	272,000
Total Research and development expenses	13,737,000	4,065,000	34,637,000	9,301,000
General and administrative	3,966,000	1,026,000	9,384,000	3,917,000
Credit loss - related party accounts receivable	0	0	0	117,000
Interest and dividend income	(1,351,000)	(1,000,000)	(4,014,000)	(1,697,000)
Unrealized (gain) loss on short-term investments	(36,000)	91,000	(14,000)	171,000
Net loss	$ 16,316,000	$ 4,182,000	$ 39,993,000	$ 11,809,000

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Aardvark Therapeutics, Inc. 10-Q