Stock-Based Compensation (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 29, 2026 |
Dec. 28, 2025 |
| Stock-Based Compensation [Abstract] |
|
|
| Schedule of Stock Option Activity |
The
information below summarizes the stock option activity under the Plans.
| | | Number of
Shares | | | Weighted
Average
Exercise
Price per
Share | | | Weighted
Average
Contractual
Term
(Years) | | | Aggregate
Intrinsic
Value
(in thousands) | | | Outstanding—December 28, 2025 | | | 4,930,300 | | | $ | 4.62 | | | | 5.58 | | | $ | 1,903 | | | Options exercised | | | — | | | | | | | | | | | | | | | Outstanding—March 29, 2026 | | | 4,930,300 | | | | 4.62 | | | | 5.74 | | | | 1,376 | | | Vested and expected to vest — March 29, 2026 | | | 4,930,300 | | | | 4.62 | | | | 5.74 | | | | 1,376 | | | Vested and exercisable — March 29, 2026 | | | 1,781,378 | | | | 5.39 | | | | 5.69 | | | | 472 | |
|
The
information below summarizes the stock option activity under the Plans.
| | | Number of
Shares | | | Weighted
Average
Exercise
Price per
Share | | | Weighted
Average
Contractual
Term
(Years) | | | Aggregate
Intrinsic
Value
(in thousands) | | | Outstanding – December 31, 2023 | | | 11,716,646 | | | $ | 3.48 | | | | 8.53 | | | $ | 2,756 | | | Options granted | | | 6,121,251 | | | | 0.93 | | | | | | | | | | | Options exercised | | | (398,883 | ) | | | 0.77 | | | | | | | | 39 | | | Options cancelled | | | (7,441,781 | ) | | | 0.17 | | | | | | | | | | | Outstanding – December 29, 2024 | | | 9,997,233 | | | | 2.77 | | | | 5.29 | | | | 6,356 | | | Options granted | | | — | | | | — | | | | | | | | | | | Options exercised | | | (712,467 | ) | | | 0.72 | | | | | | | | 83 | | | Options cancelled | | | (4,354,466 | ) | | | 2.69 | | | | | | | | | | | Outstanding – December 28, 2025 | | | 4,930,300 | | | | 4.62 | | | | 5.58 | | | | 1,903 | | | Vested and expected to vest— December 28, 2025 | | | 4,930,300 | | | | 4.62 | | | | 5.58 | | | | 1,903 | | | Vested and exercisable— December 28, 2025 | | | 1,909,809 | | | | 5.94 | | | | 5.87 | | | | 635 | |
|
| Schedule of RSU Activity |
The
information below summarizes the RSU activity.
| | |
Number
of
RSUs | | |
Weighted
Average
Grant Date
Fair Value | |
| Unvested
at December 28, 2025 | |
| 14,234,360 | | |
$ | 1.73 | |
| Vested
and released | |
| (863,030 | ) | |
| 1.73 | |
| Cancelled
or forfeited | |
| (2,070 | ) | |
| 1.74 | |
| Unvested
at March 29, 2026 | |
| 13,369,260 | | |
| 1.73 | |
|
The
information below summarizes the RSU activity.
| |
|
Number of
RSUs |
|
|
Weighted
Average
Grant Date
Fair Value |
|
| Unvested at December 31, 2023 |
|
|
58,097 |
|
|
$ |
2.07 |
|
| Granted |
|
|
2,593,097 |
|
|
|
1.78 |
|
| Vested and released |
|
|
(669,059 |
) |
|
|
1.73 |
|
| Cancelled or forfeited |
|
|
— |
|
|
|
— |
|
| Unvested at December 29, 2024 |
|
|
1,982,135 |
|
|
|
1.79 |
|
| Granted |
|
|
22,235,871 |
|
|
|
1.73 |
|
| Vested and released |
|
|
(4,632,212 |
) |
|
|
1.75 |
|
| Cancelled or forfeited |
|
|
(5,351,434 |
) |
|
|
1.74 |
|
| Unvested at December 28, 2025 |
|
|
14,234,360 |
|
|
|
1.73 |
|
|
| Schedule of Statements of Operations and Comprehensive Loss |
The
following table summarizes stock-based compensation expense and its allocation within the accompanying consolidated statements of operations
and comprehensive loss (in thousands):
| | |
Thirteen
Weeks Ended | |
| | |
March
29, | | |
March
30, | |
| | |
2026 | | |
2025 | |
| Cost
of revenues | |
$ | 485 | | |
$ | 155 | |
| Sales
and marketing | |
| 466 | | |
| 184 | |
| General
and administrative | |
| 654 | | |
| 130 | |
| Total
stock-based compensation expense | |
$ | 1,605 | | |
$ | 469 | |
|
The
following table summarizes stock-based compensation expense and its allocation within the accompanying consolidated statements of operations
and comprehensive loss (in thousands):
| | |
Fiscal Year Ended | |
| | |
December 28, | | |
December 29, | |
| | |
2025 | | |
2024 | |
| Cost of revenues | |
$ | 3,003 | | |
$ | 157 | |
| Sales and marketing | |
| 2,618 | | |
| 598 | |
| General and administrative | |
| 4,867 | | |
| 2,312 | |
| Total stock-based compensation expense | |
$ | 10,488 | | |
$ | 3,067 | |
|
| Schedule of Fair Value of Stock-Based Compensation |
|
The
following assumptions were used to calculate the fair value of stock-based compensation for the options granted in the fiscal year ended
December 29, 2024:
| Expected term (in years) | |
| 5.00 – 6.32 | |
| Expected volatility | |
| 58.45% – 62.39 | % |
| Risk-free interest rate | |
| 3.81% – 4.71 | % |
| Expected dividends | |
| 0.0 | % |
|