Redeemable Convertible Preferred Stock (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Redeemable Convertible Preferred Stock [Abstract]

Schedule of Redeemable Convertible Preferred Stock

Redeemable convertible preferred stock as of March 31, 2026 is comprised of the following:

Series		Original issue price				Shares authorized				Issued and outstanding				Carrying value				Liquidation preference
			(Per share)
A		$	0.05				12,285,713				12,285,713			$	645			$	645
B			0.21				7,500,000				7,500,000				1,575				1,575
C			0.85				5,000,000				5,000,000				4,250				4,250
D			1.00				4,100,799				4,100,799				4,101				4,101
E			1.12				22,671,428				22,671,428				25,392				25,392
F			1.40				105,481,484				98,058,282				161,904				137,282
							157,039,424				149,616,222			$	197,867			$	173,245

Redeemable convertible preferred stock as of December 31, 2025 is comprised of the following:

Series		Original issue price				Shares authorized				Issued and outstanding				Carrying value				Liquidation preference
			(Per share)
A		$	0.05				12,285,713				12,285,713			$	645			$	645
B			0.21				7,500,000				7,500,000				1,575				1,575
C			0.85				5,000,000				5,000,000				4,250				4,250
D			1.00				4,100,799				4,100,799				4,101				4,101
E			1.12				22,671,428				22,671,428				25,392				25,392
F			1.40				105,481,484				93,624,871				155,236				131,075
							157,039,424				145,182,811			$	191,199			$	167,038

Redeemable convertible preferred stock as of December 31, 2025 is comprised of the following:

Series		Original issue price				Shares authorized				Issued and outstanding				Carrying value				Liquidation preference
		(Per share)
A		$	0.05				12,285,713				12,285,713			$	645			$	645
B			0.21				7,500,000				7,500,000				1,575				1,575
C			0.85				5,000,000				5,000,000				4,250				4,250
D			1.00				4,100,799				4,100,799				4,101				4,101
E			1.12				22,671,428				22,671,428				25,392				25,392
F			1.40				105,481,484				93,624,871				155,236				131,075
							157,039,424				145,182,811			$	191,199			$	167,038

Redeemable convertible preferred stock as of December 31, 2024 is comprised of the following:

Series		Original issue price				Shares authorized				Issued and outstanding				Carrying value				Liquidation preference
		(Per share)
A		$	0.05				12,285,713				12,285,713			$	645			$	645
B			0.21				7,500,000				7,500,000				1,575				1,575
C			0.85				5,000,000				5,000,000				4,250				4,250
D			1.00				4,100,799				4,100,799				4,101				4,101
E			1.12				22,671,428				22,671,428				25,392				25,392
F			1.40				87,142,870				49,050,528				68,671				68,671
							138,700,810				100,608,468			$	104,634			$	104,634

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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