v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company’s financial assets measured at fair value on a recurring basis based on the fair value hierarchy as follows (in thousands):
As of December 31, 2025
Level 1Level 2Level 3Total
Assets
Cash and cash equivalents
Money market funds$206,018 $- $- $206,018 
Total$206,018 $- $- $206,018 
As of December 31, 2024
Level 1Level 2Level 3Total
Assets
Cash and cash equivalents
Money market funds$64,501 $- $- $64,501 
Total64,501 - - 64,501 
Liabilities
Warrant liabilities- - 2,252 2,252 
Total$- $- $2,252 2,252 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The following tables present the quantitative information regarding Level 3 fair value measurements of the warrant liabilities:
As of December 31, 2024
Series BSeries DCommon
Stock price$3.41 $4.55 $7.68 
Exercise price$1.18 $5.04 $3.24 
Remaining term (in years)1.05.42.7
Risk-free interest rate4.21 %4.38 %4.27 %
Expected volatility67 %66 %66 %
Expected dividend yield0 %0 %0 %
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table sets forth a summary of changes in fair value of Level 3 liabilities (in thousands):
Balance as of December 31, 2023$2,470 
Remeasurement of warrant liabilities(218)
Balance as of December 31, 20242,252 
Remeasurement of warrant liabilities1,468 
Cashless exercise of redeemable convertible preferred stock warrants(3,078)
Cashless exercise of outstanding common stock warrants(642)
Balance as of December 31, 2025—