v3.26.1
Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Convertible Preferred stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Beginning Balance at Dec. 31, 2024   $ 191,776      
Beginning balance, Shares at Dec. 31, 2024   116,716,142      
Beginning Balance at Dec. 31, 2024 $ (144,237)     $ 7,982 $ (152,219)
Beginning Balance, Shares at Dec. 31, 2024     1,551,420    
Issuance of common stock on exercise of options 6     6  
Issuance of common stock on exercise of options, Shares     3,545    
Issuance of Series C convertible preferred stock, net of transaction costs   $ 65,228      
Issuance of Series C convertible preferred stock, net of transaction costs, Shares   40,941,587      
Stock-based compensation 1,100     1,100  
Vesting of early exercised options 20     20  
Net loss attributable to common stockholders (28,122)       (28,122)
Ending Balance at Jun. 30, 2025   $ 257,004      
Ending balance, Shares at Jun. 30, 2025   157,657,729      
Ending Balance at Jun. 30, 2025 (171,233)     9,108 (180,341)
Ending Balance, Shares at Jun. 30, 2025     1,554,965    
Beginning Balance at Mar. 31, 2025   $ 191,776      
Beginning balance, Shares at Mar. 31, 2025   116,716,142      
Beginning Balance at Mar. 31, 2025 (158,239)     8,537 (166,776)
Beginning Balance, Shares at Mar. 31, 2025     1,552,887    
Issuance of common stock on exercise of options 4     4  
Issuance of common stock on exercise of options, Shares     2,078    
Issuance of Series C convertible preferred stock, net of transaction costs   $ 65,228      
Issuance of Series C convertible preferred stock, net of transaction costs, Shares   40,941,587      
Stock-based compensation 557     557  
Vesting of early exercised options 10     10  
Net loss attributable to common stockholders (13,565)       (13,565)
Ending Balance at Jun. 30, 2025   $ 257,004      
Ending balance, Shares at Jun. 30, 2025   157,657,729      
Ending Balance at Jun. 30, 2025 (171,233)     9,108 (180,341)
Ending Balance, Shares at Jun. 30, 2025     1,554,965    
Beginning Balance at Dec. 31, 2025 205,566   $ 3 426,652 (221,089)
Beginning Balance, Shares at Dec. 31, 2025     31,524,093    
Issuance of common stock on exercise of options $ 732     732  
Issuance of common stock on exercise of options, Shares 263,395   263,395    
Issuance of common stock in private placement, net of transaction costs $ 117,140   $ 1 117,139  
Issuance of common stock in private placement, net of transaction costs, Shares     4,494,279    
Stock-based compensation 8,052     8,052  
Vesting of early exercised options 16     16  
Net loss attributable to common stockholders (53,920)       (53,920)
Ending Balance at Jun. 30, 2026 277,586   $ 4 552,591 (275,009)
Ending Balance, Shares at Jun. 30, 2026     36,281,767    
Beginning Balance at Mar. 31, 2026 304,555   $ 4 547,314 (242,763)
Beginning Balance, Shares at Mar. 31, 2026     36,018,372    
Issuance of common stock on exercise of options 732     732  
Issuance of common stock on exercise of options, Shares     263,395    
Issuance of common stock in private placement, net of transaction costs (59)     (59)  
Stock-based compensation 4,598     4,598  
Vesting of early exercised options 6     6  
Net loss attributable to common stockholders (32,246)       (32,246)
Ending Balance at Jun. 30, 2026 $ 277,586   $ 4 $ 552,591 $ (275,009)
Ending Balance, Shares at Jun. 30, 2026     36,281,767