Warrants, Redeemable Convertible Preferred Stock and Stockholders' Equity (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Schedule of Common Stock, Capital Shares Reserved for Conversion or Exercise

At March 31, 2026, the Company has reserved an aggregate of 6,239,595 shares of common stock for the conversion, exercise or issuance, as applicable, of the following outstanding securities:


Restricted stock units			2,074,375
Stock options and employee stock purchase plan			4,165,220

Total shares			6,239,595

At December 31, 2025, the Company has reserved an aggregate of 4,752,658 shares of common stock for the conversion, exercise or issuance, as applicable, of the following outstanding securities:


Common warrants			244,425
Restricted stock units			1,497,340
Stock options and employee stock purchase program			4,322,986

Total shares			6,064,751

Schedule of Redeemable Convertible Preferred Stock

See the table below for a roll forward of the total preferred stock from January 1, 2024 to December 31, 2024 and January 1, 2025 to December 31, 2025, which details the total redeemable convertible preferred stock presented in the consolidated statements of changes in redeemable convertible preferred stock and stockholders’ equity (deficit) (in thousands, except share amounts):


	Series Seed Redeemable convertible preferred stock						Series A Redeemable convertible preferred stock						Series B Redeemable convertible preferred stock						Series C Redeemable convertible preferred stock						Series D Redeemable convertible preferred stock						Series E Redeemable convertible preferred stock						Series F Redeemable convertible preferred stock						Series F-1 Redeemable convertible preferred stock						Series G Redeemable convertible preferred stock
	Shares			Amount			Shares			Amount			Shares			Amount			Shares			Amount			Shares			Amount			Shares			Amount			Shares			Amount			Shares			Amount			Shares			Amount
Balance at January 1, 2024		5,045,368		$	2,473			8,255,614		$	5,179			18,894,315		$	10,827			42,890,840		$	24,908			39,656,811		$	33,411			29,019,153		$	29,738			74,840,147		$	132,975			23,664,027		$	49,392			34,972,704		$	31,258
Issuance of Series G preferred stock, net		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			64,257,179			57,989
Balance at December 31, 2024		5,045,368		$	2,473			8,255,614		$	5,179			18,894,315		$	10,827			42,890,840		$	24,908			39,656,811		$	33,411			29,019,153		$	29,738			74,840,147		$	132,975			23,664,027		$	49,392			99,229,883		$	89,247

Balance at January 1, 2025		5,045,368		$	2,473			8,255,614		$	5,179			18,894,315		$	10,827			42,890,840		$	24,908			39,656,811		$	33,411			29,019,153		$	29,738			74,840,147		$	132,975			23,664,027		$	49,392			99,229,883		$	89,247
Conversion of preferred stock to common stock upon IPO		(5,045,368	)		(2,473	)		(8,255,614	)		(5,179	)		(18,894,315	)		(10,827	)		(42,890,840	)		(24,908	)		(39,656,811	)		(33,411	)		(29,019,153	)		(29,738	)		(74,840,147	)		(132,975	)		(23,664,027	)		(49,392	)		(99,229,883	)		(89,247	)

Balance at December 31, 2025		—		$	—			—		$	—			—		$	—			—		$	—			—		$	—			—		$	—			—		$	—			—		$	—			—		$	—

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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