Net Loss Per Share (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Earnings Per Share [Abstract]

Computation of Basic and Diluted Loss Per Share

The table below sets forth the computation of basic and diluted loss per share for the periods presented (in thousands, except share and per share amounts):


		Quarter Ended March 31,
		2026				2025
Numerator:
Net loss		$	(10,171	)		$	(8,284	)
Denominator:
Weighted average shares outstanding			20,396,354				436,890

Basic and diluted loss per share		$	(0.50	)		$	(18.96	)

The table below sets forth the computation of basic and diluted loss per share for the periods presented (in thousands, except share and per share amounts):


		Years Ended December 31,
		2025				2024
Numerator:
Net loss		$	(36,461	)		$	(39,661	)
Deemed dividends			—				(2,724	)

Net loss attributable to common stockholder		$	(36,461	)		$	(42,385	)

Denominator:
Weighted average shares outstanding			7,977,360				373,446
Effect of dilutive shares			—				—

Basic and diluted loss per share		$	(4.57	)		$	(113.50	)

Summary of Anti-Dilutive Securities Excluded from Calculation of Diluted Earnings Per Share

The following table summarizes the number of

shares of common stock issuable under various securities that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:


		Three months ended March 31,
		2026				2025
Redeemable convertible preferred stock			—				12,729,349
Common warrants			—				672,632
Preferred warrants			—				10,377
Restricted stock units			2,074,375				185,247
Stock options and employee stock purchase plan			4,165,220				2,206,978

Total shares			6,239,595				15,804,583

The following table summarizes the number of shares of common stock issuable under various securities that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:


		Years Ended December 31,
		2025				2024
Redeemable convertible preferred stock			—				12,729,349
Common warrants			244,425				672,632
Preferred warrants			—				10,377
Restricted stock units			1,497,340				113,819
Stock options and employee stock purchase plan			4,322,986				2,228,838

Total shares			6,064,751				15,755,015