Leases (Tables)

8 Months Ended

Dec. 31, 2025

Leases [Abstract]

Summary of Lease Costs

The following table summarizes lease costs included in research and development and selling, general and administrative expense for the periods indicated (in thousands):


		Eight Months Ended December 31,			Twelve Months Ended April 30,
		2025			2025			2024
Operating lease costs		$	1,861		$	2,211		$	1,813
Short-term lease costs			277			508			114
Variable lease costs			209			292			238
Total lease costs		$	2,347		$	3,011		$	2,165

Summary of Maturity of Undiscounted Payments and Future Minimum Payments Due Under Lease Liabilities and Present Value of Liabilities

The following table summarizes the maturity of undiscounted payments due under lease liabilities and the present value of those liabilities as of December 31, 2025 (in thousands):


Years ending December 31,
2026		$	2,559
2027			2,977
2028			2,448
2029			1,470
2030			1,482
Thereafter			6,271
Total minimum lease payments			17,207
Less: imputed interest			4,859
Total operating lease liabilities		$	12,348
Included in the consolidated balance sheet:
Lease liability - current portion		$	1,621
Lease liability - net of current portion			10,727
Total operating lease liabilities		$	12,348

Summary of Supplemental Lease Information

The following table summarizes supplemental lease information as of the periods indicated:


		As of			As of April 30,
		December 31, 2025			2025			2024
Operating cash flows used for operating leases			1,316			1,765			1,683
Weighted-average remaining lease term (years)			7.4			3.9			5.0
Weighted-average discount rate			11.0%			9.0%			9.0%