v3.26.1
Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2026
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Sep. 24, 2025
Dec. 31, 2024
Assets            
U.S. Treasury securities     $ 25,242 $ 69,908    
Total assets measured at fair value $ 103,228 $ 85,929   103,228   $ 9,439
Liabilities            
SAFEs       0 $ 263,000 59,301
Second lien loan 10,872 11,346   10,872    
Total liabilities measured at fair value 169,218 105,034   169,218   60,920
PIPE Warrants            
Liabilities            
Warrant liability, fair value 110,881 65,605   110,881 $ 86,400  
NRA Warrants            
Liabilities            
Warrant liability, fair value       47,465    
Redeemable convertible preferred stock warrants            
Liabilities            
Warrant liability, fair value           1,619
Level 1            
Assets            
Total assets measured at fair value 33,320 60,687   33,320   9,439
Liabilities            
SAFEs           0
Second lien loan 0 0   0    
Total liabilities measured at fair value 0 0   0   0
Level 1 | PIPE Warrants            
Liabilities            
Warrant liability, fair value 0 0   0    
Level 1 | NRA Warrants            
Liabilities            
Warrant liability, fair value       0    
Level 1 | Redeemable convertible preferred stock warrants            
Liabilities            
Warrant liability, fair value           0
Level 2            
Assets            
Total assets measured at fair value 69,908 25,242   69,908   0
Liabilities            
SAFEs           0
Second lien loan 0 0   0    
Total liabilities measured at fair value 0 0   0   0
Level 2 | PIPE Warrants            
Liabilities            
Warrant liability, fair value 0 0   0    
Level 2 | NRA Warrants            
Liabilities            
Warrant liability, fair value       0    
Level 2 | Redeemable convertible preferred stock warrants            
Liabilities            
Warrant liability, fair value           0
Level 3            
Assets            
Total assets measured at fair value 0 0   0   0
Liabilities            
SAFEs           59,301
Second lien loan 10,872 11,346   10,872    
Total liabilities measured at fair value 169,218 105,034   169,218   60,920
Level 3 | PIPE Warrants            
Liabilities            
Warrant liability, fair value 110,881 65,605   110,881    
Level 3 | NRA Warrants            
Liabilities            
Warrant liability, fair value       47,465    
Level 3 | Redeemable convertible preferred stock warrants            
Liabilities            
Warrant liability, fair value           1,619
Money market funds            
Assets            
Estimated Fair Value 33,320 60,687 60,687 33,320   9,439
Money market funds | Level 1            
Assets            
Estimated Fair Value 33,320 60,687   33,320   9,439
Money market funds | Level 2            
Assets            
Estimated Fair Value 0 0   0   0
Money market funds | Level 3            
Assets            
Estimated Fair Value 0 0   0   $ 0
U.S. Treasury securities            
Assets            
U.S. Treasury securities 69,908 25,242 $ 25,242 69,908    
U.S. Treasury securities | Level 1            
Assets            
U.S. Treasury securities 0 0   0    
U.S. Treasury securities | Level 2            
Assets            
U.S. Treasury securities 69,908 25,242   69,908    
U.S. Treasury securities | Level 3            
Assets            
U.S. Treasury securities $ 0 $ 0   $ 0