v3.26.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities              
Net loss $ (19,864,000) $ (13,818,000) $ (8,675,000) $ (8,823,000) $ (33,682,000) $ (17,498,000)  
Adjustments to reconcile net loss to net cash used in operating activities              
Depreciation expense 341,000   135,000   660,000 258,000  
Loss on disposal of property and equipment 0   3,900   0 3,900  
Non-cash lease expense         125,000 200,000  
Stock-based compensation         3,760,000 932,000  
Change in fair value of redeemable convertible preferred stock tranche liability 0   0   0 1,526,000  
Interest receivable         27,000 0  
Changes in:              
Other receivables         (247,000) (123,000)  
Prepaid expenses and other current assets         (696,000) 113,000  
Other non-current assets         (268,000) 36,000  
Accounts payable         1,717,000 816,000  
Payroll-related accruals         (459,000) (499,000)  
Other current liabilities         629,000 (74,000)  
Lease liability         51,000 (217,000)  
Net cash used in operating activities         (28,383,000) (14,526,000)  
Cash flows from investing activities              
Property and equipment         (2,608,000) (216,000)  
Purchases of short-term investments         (11,000,000) 0  
Redemptions of short-term investments         11,008,000 0  
Net cash used in investing activities         (2,600,000) (216,000)  
Cash flows from financing activities              
Proceeds from exercise of stock options         86,000 111,000  
Repurchases of common stock         0 (1,450,000)  
Gross proceeds from issuance of redeemable convertible preferred stock         0 127,336,000  
Issuance costs of redeemable convertible preferred stock         0 (288,000)  
Gross proceeds from initial public offering of common stock, net of underwriting discounts and commissions         160,425,000 0  
Payments for deferred initial public offering costs         (2,743,000) 0  
Net cash provided by financing activities         157,768,000 125,709,000  
Net increase in cash and cash equivalents         126,785,000 110,967,000  
Cash and cash equivalents, beginning of period   $ 96,358,000   $ 16,268,000 96,358,000 16,268,000 $ 16,268,000
Cash and cash equivalents, end of period $ 223,143,000   $ 127,235,000   223,143,000 127,235,000 $ 96,358,000
Supplemental cash flow information              
Cash paid for taxes         1,000 4,000  
Conversion of redeemable convertible preferred stock upon initial public offering         204,537,000 0  
Settlement of redeemable convertible preferred stock tranche liability         0 4,943,000  
Purchases of property and equipment included in accounts payable and other current liabilities         745,000 48,000  
Deferred offering costs included in accounts payable and other current liabilities         $ 0 $ 421,000