| Summary of Issued and Outstanding Redeemable Convertible Preferred Stock |
Issued and outstanding redeemable convertible preferred stock consisted of the following (in thousands, except share and per share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
Series |
|
Shares Authorized |
|
|
Shares Issued and Outstanding |
|
|
Original Issue Price |
|
|
Aggregate Liquidation Amount |
|
|
Carrying Value |
|
Series A |
|
|
48,000,000 |
|
|
|
48,000,000 |
|
|
$ |
1.00 |
|
|
$ |
48,000 |
|
|
$ |
47,916 |
|
Series A-1 |
|
|
51,268,891 |
|
|
|
51,268,891 |
|
|
|
2.00 |
|
|
|
102,538 |
|
|
|
102,472 |
|
Series B |
|
|
29,271,143 |
|
|
|
17,456,768 |
|
|
|
17.69 |
|
|
|
308,786 |
|
|
|
297,294 |
|
Series B-1 |
|
|
35,756,908 |
|
|
|
35,756,908 |
|
|
|
5.84 |
|
|
|
208,979 |
|
|
|
224,200 |
|
Series C |
|
|
24,884,830 |
|
|
|
5,194,787 |
|
|
|
21.50 |
|
|
|
111,682 |
|
|
|
108,629 |
|
Series C-1 |
|
|
4,975,110 |
|
|
|
4,975,110 |
|
|
|
5.84 |
|
|
|
29,077 |
|
|
|
30,806 |
|
Series D |
|
|
68,441,007 |
|
|
|
60,005,669 |
|
|
|
5.84 |
|
|
|
350,700 |
|
|
|
350,153 |
|
Total |
|
|
262,597,889 |
|
|
|
222,658,133 |
|
|
|
|
|
$ |
1,159,762 |
|
|
$ |
1,161,470 |
|
|
| Summary of Common Stock Reserved for Future issuance |
Common stock reserved for future issuance, on an as if-converted basis, consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
December 31, 2025 |
|
Conversion of redeemable convertible preferred stock |
|
|
— |
|
|
|
29,855,741 |
|
Common stock warrants |
|
|
739,559 |
|
|
|
739,559 |
|
Stock options issued and outstanding |
|
|
7,522,330 |
|
|
|
5,513,142 |
|
Stock options available for future issuance |
|
|
2,269,981 |
|
|
|
1,449,522 |
|
Shares reserved for ESPP |
|
|
539,582 |
|
|
|
— |
|
Total |
|
|
11,071,452 |
|
|
|
37,557,964 |
|
|