Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Summary of Company's Financial Liabilities Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s financial liabilities that are measured at fair value on a recurring basis in the consolidated financial statements (in thousands):


		Fair Value Measurements at December 31, 2025 Using:
		Level 1				Level 2				Level 3				Total
Liabilities:
Convertible notes at fair value		$	—			$	—			$	67,457			$	67,457
SAFE-T notes at fair value			—				—				5				5
LamVen Note			—				—				100				100
Liability classified warrants			—				—				2,831				2,831
Total financial liabilities		$	—			$	—			$	70,393			$	70,393


		Fair Value Measurements at December 31, 2024 Using:
		Level 1				Level 2				Level 3				Total
Liabilities:
Convertible notes at fair value		$	—			$	—			$	7,347			$	7,347
SAFE-T notes at fair value			—				—				13				13
LamVen Note			—				—				50,000				50,000
GEM derivative liability			—				—				23,221				23,221
Total financial liabilities		$	—			$	—			$	80,581			$	80,581

Schedule of Reconciliation of Activity and Changes in Fair Value for Company's Convertible Loans and Redeemable Convertible Preferred Stock Warrant Liability

The following table provides a reconciliation of activity and changes in fair value for the Company’s convertible loans and redeemable convertible preferred stock warrant liability using inputs classified as Level 3 (in thousands):


		Convertible Notes at Fair Value				SAFE Notes				LamVen Note				Mandatory Convertible Security				Liability Classified Warrants
Balance at December 31, 2024		$	7,347			$	13			$	50,000			$	23,221			$	—
Change in fair value			(2,765	)			(8	)			—				15,379				(2,952	)
Debt and equity financing issuances			65,000																5,783
Transfers			49,900				—				(49,900	)			—				—
Conversions into common stock			(48,025	)			—				—				—				—
Payments			(4,000	)			—				—				(38,600	)			—
Balance at December 31, 2025		$	67,457			$	5			$	100			$	—			$	2,831

Summary of Carrying Amounts and Fair Values of Long-term Debt Obligations

The carrying amounts and fair values of the Company’s long-term debt obligations were as follows:


		As of December 31, 2025							As of December 31, 2024
		Carrying Amount			Fair Value				Carrying Amount			Fair Value
Long-term debt, including current maturities		$	17,101		$	16,988			$	64,593		$	64,707