v3.26.1
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation for the Year Ended 2025 (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount          
Federal statutory rate, benefit     $ (122,960) $ (14,586) $ (11,958)
State income taxes, net of benefit     (14,600) (5,318) (4,881)
R&D credits     (5,119) (3,084) (3,022)
Stock-based compensation     110,014 2,566 1,618
Change in unrecognized tax benefits     1,035    
Other     1,626 22 0
Change in valuation allowance     30,007 20,366 18,099
Income taxes $ (4) $ 1 $ 3 $ 1 $ 9
Percent          
Federal statutory rate, benefit     21.00%    
State income taxes, net of benefit     2.50%    
R&D credits     0.90%    
Stock-based compensation     (18.80%)    
Change in unrecognized tax benefits     (0.20%)    
Other     (0.30%)    
Change in valuation allowance     (5.10%)    
Effective tax rate 0.00% 0.00% 0.00%