v3.26.1
Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
IPO
Private Placement
Redeemable Convertible Preferred Stock
Series D Redeemable Convertible Preferred Stock
Series D-1 Redeemable Convertible Preferred Stock
Common Stock
Common Stock
IPO
Common Stock
Private Placement
Additional Paid-in Capital
Additional Paid-in Capital
IPO
Additional Paid-in Capital
Private Placement
Accumulated Other Comprehensive Income
Accumulated Deficit
Beginning balance, Shares at Dec. 31, 2023       203,415,024                    
Beginning balance at Dec. 31, 2023       $ 383,902                    
Beginning balance, Shares at Dec. 31, 2023             2,385,212              
Beginning balance at Dec. 31, 2023 $ (373,848)           $ 2     $ 21,836       $ (395,686)
Exercise of stock options, Shares             74,603              
Exercise of stock options 765                 765        
Issuance of restricted stock, Shares             14              
Repurchase of unvested restricted stock and early exercised stock options, Shares             (12,965)              
Vesting of restricted stock and early exercised stock options 23                 23        
Stock-based compensation expense 9,646                 9,646        
Net Income (Loss) 52,231                         52,231
Issuance of redeemable convertible preferred stock, net of allocated issuance costs, Shares         54,394,445 39,395,572                
Issuance of redeemable convertible preferred stock, net of allocated issuance costs         $ 72,551 $ 51,634                
Deemed dividend for anti-dilution adjustments to Series B and Series C redeemable convertible preferred stock upon issuance of Series D redeemable convertible preferred stock $ (14,972)                 14,972       (14,972)
Ending balance, Shares at Dec. 31, 2024 297,205,041     297,205,041                    
Ending balance at Dec. 31, 2024 $ 508,087     $ 508,087                    
Ending balance, Shares at Dec. 31, 2024 2,446,864           2,446,864              
Ending balance at Dec. 31, 2024 $ (311,183)           $ 2     47,242       (358,427)
Issuance of common stock in connection with initial public offering/Issuance of common stock and pre-funded warrants to purchase common stock in connection with private placement, net of issuance costs, Shares             4,000,002 8,750,000            
Issuance of common stock in connection with initial public offering/Issuance of common stock and pre-funded warrants to purchase common stock in connection with private placement, net of issuance costs   $ 124,598 $ 141,256         $ 9 $ 4   $ 124,589 $ 141,252    
Conversion of redeemable convertible preferred stock to common stock upon initial public offering, Shares       (297,205,041)                    
Conversion of redeemable convertible preferred stock to common stock upon initial public offering       $ (508,087)                    
Conversion of redeemable convertible preferred stock to common stock upon initial public offering, Shares             32,586,823              
Conversion of redeemable convertible preferred stock to common stock upon initial public offering 508,087           $ 33     508,054        
Exercise of stock options, Shares             541,214              
Exercise of stock options 5,561                 5,561        
Exercise of pre-funded warrants, Shares     900,000       900,000              
Exercise of pre-funded warrants 1           $ 1              
Issuance of restricted stock, Shares             4              
Issuance of common stock under the 2025 Employee Stock Purchase Plan, Shares             110,644              
Issuance of common stock under the 2025 Employee Stock Purchase Plan 1,256                 1,256        
Stock-based compensation expense 16,400                 16,400        
Net unrealized gain on marketable securities 110                       $ 110  
Net Income (Loss) (131,120)                         (131,120)
Ending balance at Dec. 31, 2025 $ 0                          
Ending balance, Shares at Dec. 31, 2025 49,335,551           49,335,551              
Ending balance at Dec. 31, 2025 $ 354,966           $ 49     $ 844,354     $ 110 $ (489,547)