v3.26.1

Statements of Operations - USD ($) $ in Thousands	12 Months Ended
Statements of Operations - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Operating expenses:
Research and development	$ 144,995	$ 104,203
General and administrative	27,197	9,064
Total operating expenses	172,192	113,267
Loss from operations	(172,192)	(113,267)
Other (expense) income:
Interest expense	(17,148)	(10,280)
Interest income	12,298	11,768
Other (expense) income, net	(4,850)	1,488
Net loss before income taxes	(177,042)	(111,779)
Income taxes
Net loss	$ (177,042)	$ (111,779)
Net loss per share, basic	$ (3.79)	$ (2.83)
Net loss per share, diluted	$ (3.79)	$ (2.83)
Weighted average common shares outstanding, basic	46,757,691	39,449,393
Weighted average common shares outstanding, diluted	46,757,691	39,449,393

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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