Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit) (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Shares Of Common Stock Reserved For Issuance

The total shares of the Company’s common stock reserved for issuance on an as-converted basis are as follows (in thousands):


	As of December 31,
	2025	2024
Redeemable convertible preferred stock	—	39,406
Redeemable convertible preferred stock warrants	—	259
Outstanding RSU's	928	—
Common stock warrants	—	43
Common stock options outstanding	10,874	11,069
Common stock shares available for future grants	3,973	3,294
Shares available for purchase under the ESPP	1,121	—
Total shares of common stock reserved	16,896	54,071

Schedule of Redeemable Convertible Preferred Stock

Information relating to the Preferred Stock is as follows (in thousands, except per-share amounts):


	As of December 31, 2024
	Original Issue Price per Share		Shares Authorized	Shares Issued and Outstanding	Carrying Value		Aggregate Liquidation Preference
Series A	$	0.5342	12,027	12,005	$	6,547	$	6,413
Series B	1.1828		19,724	19,445	22,932		23,000
Series C	3.1631		15,386	15,386	48,540		48,667
Series C-1	3.7423		13,358	13,358	49,800		49,990
Series D	5.0365		22,330	21,230	106,704		106,925
Series D-1	5.9952		4,504	4,504	26,922		27,002
Series E	5.9952		33,360	32,291	187,589		193,591
			120,689	118,219	$	449,034	$	455,588

Schedule of Stock Warrants Issued & Outstanding

Redeemable convertible preferred stock warrants and common stock warrants outstanding as of December 31, 2024 are as follows (in thousands, except for per share data):


As of December 31, 2024
Stock Series	Date Issued	Expiration Date	Exercise Price Per Share		Number of Shares	Fair Value
Series B	May 20, 2015	May 19, 2025	$	1.18	118	$	273
Series D	May 18, 2020	May 18, 2030	$	5.04	660	1,751
Common	August 29, 2017	August 29, 2027	$	3.24	43	228
Total						$	2,252

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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