v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 371,630 $ 37,784
Marketable Securities 166,854 189,003
Prepaid expenses and other current assets 5,456 3,523
Total current assets 543,940 230,310
Property and equipment, net 15,295 14,595
Operating lease right-of use assets 12,816 12,651
Restricted cash equivalents 1,149 1,149
Other Assets 3,601 6,180
Total assets 576,801 264,885
Current liabilities:    
Accounts payable 1,227 1,737
Accrued expenses and other current liabilities 6,298 9,522
Deferred revenue, current portion 18,958 18,662
Operating lease liabilities, current portion 1,430 1,315
Total current liabilities 27,913 31,236
Deferred revenue, net of current portion 32,633 36,156
Operating lease liabilities, net of current portion 10,147 10,233
Total liabilities 70,693 77,625
Commitments and contingencies (Note 13)
Stockholders' deficit:    
Additional paid-in capital 681,233 10,373
Accumulated other comprehensive (loss) income (241) 42
Accumulated deficit (174,889) (156,564)
Total stockholders' equity (deficit) 506,108 (146,149)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) 576,801 264,885
Series Seed redeemable convertible preferred stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock 0 5,000
Series A redeemable convertible preferred stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock 0 145,050
Series A-1 redeemable convertible preferred stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock 0 8,197
Series B redeemable convertible preferred stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock 0 174,654
Partner redeemable convertible preferred stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock 0 508
Common Stock    
Stockholders' deficit:    
Common stock value 5 0
Class A Common stock    
Stockholders' deficit:    
Common stock value $ 0 $ 0