v3.26.1
Capital Structure (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
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