v3.25.2
Unaudited Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Common stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Redeemable Convertible Preferred Stock
Temporary equity beginning balance at Dec. 31, 2023           $ 132,722
Temporary equity beginning balance, shares at Dec. 31, 2023           31,465,128
Beginning balance at Dec. 31, 2023 $ (173,396)   $ 8,142 $ 164 $ (181,702)  
Beginning balance, shares at Dec. 31, 2023   1,673,314        
Series D redeemable convertible preferred stock, Value           $ 169,458
Series D redeemable convertible preferred stock, Shares           49,713,402
Conversion of convertible promissory notes into Series D-1 redeemable convertible preferred stock, Value           $ 40,651
Conversion of convertible promissory notes into Series D-1 redeemable convertible preferred stock, Share           11,887,535
Issuance of common stock upon exercise of options 3   3      
Issuance of common stock upon exercise of options, shares   280        
Stock-based compensation expense 852   852      
Foreign currency translation adjustment 21     21    
Net Income (Loss) (12,992)       (12,992)  
Temporary equity Ending balance at Mar. 31, 2024           $ 342,831
Temporary equity Ending balance, shares at Mar. 31, 2024           93,066,065
Ending balance at Mar. 31, 2024 (185,512)   8,997 185 (194,694)  
Ending balance, shares at Mar. 31, 2024   1,673,594        
Temporary equity beginning balance at Dec. 31, 2023           $ 132,722
Temporary equity beginning balance, shares at Dec. 31, 2023           31,465,128
Beginning balance at Dec. 31, 2023 (173,396)   8,142 164 (181,702)  
Beginning balance, shares at Dec. 31, 2023   1,673,314        
Net Income (Loss) (26,573)          
Temporary equity Ending balance at Jun. 30, 2024           $ 342,831
Temporary equity Ending balance, shares at Jun. 30, 2024           93,066,065
Ending balance at Jun. 30, 2024 (197,131)   10,977 167 (208,275)  
Ending balance, shares at Jun. 30, 2024   1,723,664        
Temporary equity beginning balance at Mar. 31, 2024           $ 342,831
Temporary equity beginning balance, shares at Mar. 31, 2024           93,066,065
Beginning balance at Mar. 31, 2024 (185,512)   8,997 185 (194,694)  
Beginning balance, shares at Mar. 31, 2024   1,673,594        
Issuance of common stock upon exercise of options 422   422      
Issuance of common stock upon exercise of options, shares   50,070        
Stock-based compensation expense 1,558   1,558      
Foreign currency translation adjustment (18)     (18)    
Net Income (Loss) (13,581)       (13,581)  
Temporary equity Ending balance at Jun. 30, 2024           $ 342,831
Temporary equity Ending balance, shares at Jun. 30, 2024           93,066,065
Ending balance at Jun. 30, 2024 (197,131)   10,977 167 (208,275)  
Ending balance, shares at Jun. 30, 2024   1,723,664        
Beginning balance at Dec. 31, 2024 $ 323,127   575,693 245 (252,811)  
Beginning balance, shares at Dec. 31, 2024 35,850,037 35,850,037        
Stock-based compensation expense $ 2,949   2,949      
Unrealized gain on marketable securities 29     29    
Foreign currency translation adjustment (10)     (10)    
Net Income (Loss) (12,928)       (12,928)  
Ending balance at Mar. 31, 2025 313,167   578,642 264 (265,739)  
Ending balance, shares at Mar. 31, 2025   35,850,037        
Beginning balance at Dec. 31, 2024 $ 323,127   575,693 245 (252,811)  
Beginning balance, shares at Dec. 31, 2024 35,850,037 35,850,037        
Net Income (Loss) $ (34,491)          
Ending balance at Jun. 30, 2025 $ 294,781   581,871 212 (287,302)  
Ending balance, shares at Jun. 30, 2025 35,850,037 35,850,037        
Beginning balance at Mar. 31, 2025 $ 313,167   578,642 264 (265,739)  
Beginning balance, shares at Mar. 31, 2025   35,850,037        
Stock-based compensation expense 3,229   3,229      
Foreign currency translation adjustment (52)     (52)    
Net Income (Loss) (21,563)       (21,563)  
Ending balance at Jun. 30, 2025 $ 294,781   $ 581,871 $ 212 $ (287,302)  
Ending balance, shares at Jun. 30, 2025 35,850,037 35,850,037