v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) (UNAUDITED) - USD ($)
$ in Thousands
Total
Convertible Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Beginning balance, shares at Dec. 31, 2024   1,164,696      
Beginning balance at Dec. 31, 2024   $ 101,967      
Beginning balance, shares at Dec. 31, 2024     6,575,609    
Beginning balance at Dec. 31, 2024 $ (112,138)   $ 1 $ 6,349 $ (118,488)
Exercise of stock options, shares     59,748    
Exercise of stock options 127     127  
Stock-based compensation 805     805  
Net loss (19,466)       (19,466)
Ending balance, shares at Mar. 31, 2025   1,164,696      
Ending balance at Mar. 31, 2025   $ 101,967      
Ending balance, shares at Mar. 31, 2025     6,635,357    
Ending balance at Mar. 31, 2025 (130,672)   $ 1 7,281 (137,954)
Beginning balance, shares at Dec. 31, 2024   1,164,696      
Beginning balance at Dec. 31, 2024   $ 101,967      
Beginning balance, shares at Dec. 31, 2024     6,575,609    
Beginning balance at Dec. 31, 2024 (112,138)   $ 1 6,349 (118,488)
Net loss (28,504)        
Ending balance, shares at Jun. 30, 2025   1,164,696      
Ending balance at Jun. 30, 2025   $ 101,967      
Ending balance, shares at Jun. 30, 2025     6,682,486    
Ending balance at Jun. 30, 2025 (138,513)   $ 1 8,478 (146,992)
Beginning balance, shares at Mar. 31, 2025   1,164,696      
Beginning balance at Mar. 31, 2025   $ 101,967      
Beginning balance, shares at Mar. 31, 2025     6,635,357    
Beginning balance at Mar. 31, 2025 (130,672)   $ 1 7,281 (137,954)
Exercise of stock options, shares     47,129    
Exercise of stock options 104     104  
Stock-based compensation 1,093     1,093  
Net loss (9,038)       (9,038)
Ending balance, shares at Jun. 30, 2025   1,164,696      
Ending balance at Jun. 30, 2025   $ 101,967      
Ending balance, shares at Jun. 30, 2025     6,682,486    
Ending balance at Jun. 30, 2025 $ (138,513)   $ 1 8,478 (146,992)
Beginning balance, shares at Dec. 31, 2025 1,164,696 1,164,696      
Beginning balance at Dec. 31, 2025 $ 101,967 $ 101,967      
Beginning balance, shares at Dec. 31, 2025 7,458,069   7,458,069    
Beginning balance at Dec. 31, 2025 $ (124,067)   $ 1 11,669 (135,737)
Issuance of common stock upon initial public offering, net of underwriting costs and offering costs, shares     9,281,118    
Issuance of common stock upon initial public offering, net of underwriting costs and offering costs 138,815   $ 1 138,814  
Conversion of convertible preferred stock into common stock, shares   (1,164,696)      
Conversion of convertible preferred stock into common stock   $ (101,967)      
Conversion of convertible preferred stock into common stock, shares     21,779,817    
Conversion of convertible preferred stock into common stock 101,967   $ 2 101,965  
Conversion of convertible notes, shares     2,819,512    
Conversion of convertible notes 18,678     18,678  
Reclassification of derivative liability to equity 32,073     32,073  
Issuance of common stock upon net exercise of warrants and reclassification of related warrant liability to equity, shares     542,879    
Issuance of common stock upon net exercise of warrants and reclassification of related warrant liability to equity 1,871     1,871  
Exercise of stock options, shares     8,997    
Exercise of stock options 17     17  
Stock-based compensation 4,338     4,338  
Net loss (15,811)       (15,811)
Ending balance, shares at Mar. 31, 2026     41,890,392    
Ending balance at Mar. 31, 2026 $ 157,881   $ 4 309,425 (151,548)
Beginning balance, shares at Dec. 31, 2025 1,164,696 1,164,696      
Beginning balance at Dec. 31, 2025 $ 101,967 $ 101,967      
Beginning balance, shares at Dec. 31, 2025 7,458,069   7,458,069    
Beginning balance at Dec. 31, 2025 $ (124,067)   $ 1 11,669 (135,737)
Net loss $ (20,761)        
Ending balance, shares at Jun. 30, 2026 0        
Ending balance, shares at Jun. 30, 2026 41,979,811   41,979,811    
Ending balance at Jun. 30, 2026 $ 155,282   $ 4 311,776 (156,498)
Beginning balance, shares at Mar. 31, 2026     41,890,392    
Beginning balance at Mar. 31, 2026 157,881   $ 4 309,425 (151,548)
Additional offering costs related to the initial public offering (349)     (349)  
Exercise of stock options, shares     89,419    
Exercise of stock options 229     229  
Stock-based compensation 2,471     2,471  
Net loss $ (4,950)       (4,950)
Ending balance, shares at Jun. 30, 2026 0        
Ending balance, shares at Jun. 30, 2026 41,979,811   41,979,811    
Ending balance at Jun. 30, 2026 $ 155,282   $ 4 $ 311,776 $ (156,498)