v3.26.1
Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock [Member]
Common Stock [Member]
Redeemable Convertible Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Loss [Member]
Accumulated Deficit [Member]
Beginning Balance, shares at Dec. 31, 2024   16,032 37,228      
Beginning Balance at Dec. 31, 2024 $ (107,150) $ 2 $ 403,997 $ 66,991 $ (478) $ (173,665)
Issuance of common stock, shares   500        
Issuance of common stock 719 $ 0   719    
Stock-based compensation expense 10,073     10,073    
Comprehensive income (loss) 6       6  
Net Income (Loss) 12,247         12,247
Ending Balance, shares at Mar. 31, 2025   16,532 37,228      
Ending Balance at Mar. 31, 2025 (84,105) $ 2 $ 403,997 77,783 (472) (161,418)
Beginning Balance, shares at Dec. 31, 2024   16,032 37,228      
Beginning Balance at Dec. 31, 2024 (107,150) $ 2 $ 403,997 66,991 (478) (173,665)
Net Income (Loss) 30,716          
Ending Balance, shares at Jun. 30, 2025   16,555 37,228      
Ending Balance at Jun. 30, 2025 (65,008) $ 2 $ 403,997 78,356 (417) (142,949)
Beginning Balance, shares at Mar. 31, 2025   16,532 37,228      
Beginning Balance at Mar. 31, 2025 (84,105) $ 2 $ 403,997 77,783 (472) (161,418)
Issuance of common stock, shares   23        
Issuance of common stock 71 $ 0   71    
Stock-based compensation expense 502     502    
Comprehensive income (loss) 55       55  
Net Income (Loss) 18,469         18,469
Ending Balance, shares at Jun. 30, 2025   16,555 37,228      
Ending Balance at Jun. 30, 2025 (65,008) $ 2 $ 403,997 78,356 (417) (142,949)
Beginning Balance, shares at Dec. 31, 2025   16,647 37,228      
Beginning Balance at Dec. 31, 2025 (24,116) $ 2 $ 403,997 78,950 (554) (102,514)
Issuance of common stock in connection with employee equity incentive plans, net of tax withholding, Shares   3,545        
Issuance of common stock in connection with employee equity incentive plans, net of tax withholding (48,419)     (48,419)    
Issuance of common stock upon exercise of warrants, Shares   81        
Deemed dividend on the conversion of Series D and D-1 redeemable convertible preferred stock (5,642)     (5,642)    
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering, Shares   37,593 (37,228)      
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering 409,639 $ 4 $ (403,997) 409,635    
Issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions and other offering costs   5,128        
Issuance of Common Stock in Connection With Initial Public Offering Value 82,582     82,582    
Stock-based compensation expense 194,219     194,219    
Comprehensive income (loss) (549)       (549)  
Net Income (Loss) (166,391)         (166,391)
Ending Balance, shares at Mar. 31, 2026   62,994 0      
Ending Balance at Mar. 31, 2026 441,323 $ 6 $ 0 711,325 (1,103) (268,905)
Beginning Balance, shares at Dec. 31, 2025   16,647 37,228      
Beginning Balance at Dec. 31, 2025 (24,116) $ 2 $ 403,997 78,950 (554) (102,514)
Net Income (Loss) (146,860)          
Ending Balance, shares at Jun. 30, 2026   63,759 0      
Ending Balance at Jun. 30, 2026 476,166 $ 6 $ 0 726,960 (1,426) (249,374)
Beginning Balance, shares at Mar. 31, 2026   62,994 0      
Beginning Balance at Mar. 31, 2026 441,323 $ 6 $ 0 711,325 (1,103) (268,905)
Issuance of common stock in connection with employee equity incentive plans, net of tax withholding, Shares   765        
Issuance of common stock in connection with employee equity incentive plans, net of tax withholding 35     35    
Stock-based compensation expense 15,600     15,600    
Comprehensive income (loss) (323)       (323)  
Net Income (Loss) 19,531         19,531
Ending Balance, shares at Jun. 30, 2026   63,759 0      
Ending Balance at Jun. 30, 2026 $ 476,166 $ 6 $ 0 $ 726,960 $ (1,426) $ (249,374)