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 |
% |
|