v3.25.3
Borrowings - Interest Expense (FY) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Oct. 01, 2024
Dec. 31, 2023
Debt Instrument [Line Items]              
Interest attributable to amortization of implied discounts   $ 248   $ 2,560 $ 352 $ 351 $ 487
Series 1 promissory notes | Notes payable              
Debt Instrument [Line Items]              
Interest attributable to contractual interest $ 16 29 $ 44 48 99 138 297
Interest attributable to amortization of issuance costs   0       0 32
Total interest expense   29       138 329
Related party notes | Notes payable              
Debt Instrument [Line Items]              
Total interest expense 0 611 0 419 0 932 0
Convertible promissory notes | Convertible debt              
Debt Instrument [Line Items]              
Interest attributable to contractual interest   0       120 583
Interest attributable to amortization of implied discounts   0       231 456
Total interest expense   0       351 1,039
WTI Facility | Term loan              
Debt Instrument [Line Items]              
Interest attributable to contractual interest 683 352 0 1,358 0 0 0
Interest attributable to amortization of issuance costs 348 248 0 856 0 0 0
Total interest expense $ 1,031 $ 600 $ 0 $ 2,214 $ 0 $ 0 $ 0