v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Series A Convertible Preferred Stock [Member]
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Balance at Dec. 31, 2024 $ 262,897   $ 13 $ 302,994 $ (40,110)
Balance (in shares) at Dec. 31, 2024     125,730,236    
Balance at Dec. 31, 2024   $ 122,419      
Balance (in shares) at Dec. 31, 2024   130,000      
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock   $ 2,748      
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock (2,748)     (2,748)  
Exercise of stock options 25     25  
Exercise of stock options (in shares)     20,016    
Vesting of RSUs, net of shares surrendered to pay taxes (1,796)     (1,796)  
Vesting of RSUs, net of shares surrendered to pay taxes (in shares)     1,103,284    
Stock-based compensation expense 3,367     3,367  
Net loss (18,843)       (18,843)
Balance at Mar. 31, 2025 242,902   $ 13 301,842 (58,953)
Balance (in shares) at Mar. 31, 2025     126,853,536    
Balance at Mar. 31, 2025   $ 125,167      
Balance (in shares) at Mar. 31, 2025   130,000      
Balance at Dec. 31, 2024 262,897   $ 13 302,994 (40,110)
Balance (in shares) at Dec. 31, 2024     125,730,236    
Balance at Dec. 31, 2024   $ 122,419      
Balance (in shares) at Dec. 31, 2024   130,000      
Net loss (28,235)        
Balance at Jun. 30, 2025 233,242   $ 13 301,574 (68,345)
Balance (in shares) at Jun. 30, 2025     126,853,536    
Balance at Jun. 30, 2025   $ 127,977      
Balance (in shares) at Jun. 30, 2025   130,000      
Balance at Mar. 31, 2025 242,902   $ 13 301,842 (58,953)
Balance (in shares) at Mar. 31, 2025     126,853,536    
Balance at Mar. 31, 2025   $ 125,167      
Balance (in shares) at Mar. 31, 2025   130,000      
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock   $ 2,810      
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock (2,810)     (2,810)  
Stock-based compensation expense 2,542     2,542  
Net loss (9,392)       (9,392)
Balance at Jun. 30, 2025 233,242   $ 13 301,574 (68,345)
Balance (in shares) at Jun. 30, 2025     126,853,536    
Balance at Jun. 30, 2025   $ 127,977      
Balance (in shares) at Jun. 30, 2025   130,000      
Balance at Dec. 31, 2025 $ 300,129   $ 13 303,194 (3,078)
Balance (in shares) at Dec. 31, 2025 126,951,876   126,951,876    
Balance at Dec. 31, 2025 $ 133,789 $ 133,789      
Balance (in shares) at Dec. 31, 2025 130,000 130,000      
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock   $ 3,003      
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock $ (3,003)     (3,003)  
Vesting of RSUs, net of shares surrendered to pay taxes (3,051)     (3,051)  
Vesting of RSUs, net of shares surrendered to pay taxes (in shares)     1,722,672    
Stock-based compensation expense 3,636     3,636  
Net loss (53,156)       (53,156)
Balance at Mar. 31, 2026 244,555   $ 13 300,776 (56,234)
Balance (in shares) at Mar. 31, 2026     128,674,548    
Balance at Mar. 31, 2026   $ 136,792      
Balance (in shares) at Mar. 31, 2026   130,000      
Balance at Dec. 31, 2025 $ 300,129   $ 13 303,194 (3,078)
Balance (in shares) at Dec. 31, 2025 126,951,876   126,951,876    
Balance at Dec. 31, 2025 $ 133,789 $ 133,789      
Balance (in shares) at Dec. 31, 2025 130,000 130,000      
Net loss $ (149,423)        
Balance at Jun. 30, 2026 $ 148,268   $ 13 300,756 (152,501)
Balance (in shares) at Jun. 30, 2026 128,674,548   128,674,548    
Balance at Jun. 30, 2026 $ 139,864 $ 139,864      
Balance (in shares) at Jun. 30, 2026 130,000 130,000      
Balance at Mar. 31, 2026 $ 244,555   $ 13 300,776 (56,234)
Balance (in shares) at Mar. 31, 2026     128,674,548    
Balance at Mar. 31, 2026   $ 136,792      
Balance (in shares) at Mar. 31, 2026   130,000      
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock   $ 3,072      
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock (3,072)     (3,072)  
Stock-based compensation expense 3,052     3,052  
Net loss (96,267)       (96,267)
Balance at Jun. 30, 2026 $ 148,268   $ 13 $ 300,756 $ (152,501)
Balance (in shares) at Jun. 30, 2026 128,674,548   128,674,548    
Balance at Jun. 30, 2026 $ 139,864 $ 139,864      
Balance (in shares) at Jun. 30, 2026 130,000 130,000