Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Numerator:

Net loss

$

(96,267

)

$

(9,392

)

$

(149,423

)

$

(28,235

)

Accretion of redeemable convertible preferred stock to redemption value

(170

)

(129

)

(329

)

(250

)

Cumulative dividend on redeemable convertible preferred stock

(2,902

)

(2,681

)

(5,746

)

(5,308

)

Net loss attributable to common stockholders

$

(99,339

)

$

(12,202

)

$

(155,498

)

$

(33,793

)

Denominator:

Weighted average common shares outstanding —basic and diluted

128,674,548

126,853,536

128,238,204

126,576,130

Net loss per share—basic and diluted

$

(0.77

)

$

(0.10

)

$

(1.21

)

$

(0.27

)