v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 192,106 $ 59,050
Prepaid expenses and other current assets 5,376 1,789
Total current assets 197,482 60,839
Property and equipment, net 519 618
Operating lease right-of-use asset 288 387
Other assets 405 273
Total assets 198,694 62,117
Current liabilities:    
Accounts payable 11,022 1,433
Accrued expenses and other current liabilities 2,898 3,939
Operating lease liabilities, current portion 409 549
Total current liabilities 14,329 5,921
Other long-term liabilities 12 12
Total liabilities 14,341 5,933
Commitments and contingencies
Stockholders' equity:    
Additional paid-in capital 413,747 270,424
Accumulated deficit (229,398) (214,241)
Total stockholders' equity 184,353 56,184
Total liabilities and stockholders' equity 198,694 62,117
Class A Common Stock [Member]    
Stockholders' equity:    
Common stocks 4 1
Class B Common Stock [Member]    
Stockholders' equity:    
Common stocks $ 0 $ 0