| Summary of Convertible Preferred Stock |
As of December 31, 2025, the Company’s convertible preferred stock consisted of the following (in thousands, except share data):
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As of December 31, 2025 |
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Convertible Preferred Stock
Authorized |
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Convertible Preferred Stock
Issued and
Outstanding |
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Carrying Value |
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Liquidation
Preference |
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Common Stock
Issuable Upon
Conversion |
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Series A convertible preferred stock |
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40,250,000 |
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40,100,000 |
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$ |
40,053 |
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$ |
40,100 |
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26,398,943 |
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Series B convertible preferred stock |
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31,512,642 |
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31,512,642 |
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373,133 |
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469,660 |
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20,745,628 |
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Series C convertible preferred stock |
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42,194,093 |
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33,704,613 |
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398,640 |
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450,689 |
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22,188,673 |
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113,956,735 |
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105,317,255 |
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$ |
811,826 |
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$ |
960,449 |
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69,333,244 |
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