v3.26.1
Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Founders Preferred Stock
Common Stock
Additional Paid-in-Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Convertible Preferred Stock
Beginning balance, Shares at Dec. 31, 2024             92,344,110
Beginning balance at Dec. 31, 2024             $ 234,996
Beginning balance, Shares at Dec. 31, 2024   488,831 11,090,304        
Beginning balance at Dec. 31, 2024 $ (133,411)   $ 1 $ 5,395 $ 149 $ (138,956)  
Issuance of common stock upon exercise of stock options 243     243      
Issuance of common stock upon exercise of stock options, Shares     287,985        
Vesting of early exercised stock options 7     7      
Stock-based compensation expense 619     619      
Other comprehensive loss (92)       (92)    
Net loss (7,659)         (7,659)  
Ending balance, Shares at Mar. 31, 2025             92,344,110
Ending balance at Mar. 31, 2025             $ 234,996
Ending balance, Shares at Mar. 31, 2025   488,831 11,378,289        
Ending balance at Mar. 31, 2025 (140,293)   $ 1 6,264 57 (146,615)  
Beginning balance, Shares at Dec. 31, 2024             92,344,110
Beginning balance at Dec. 31, 2024             $ 234,996
Beginning balance, Shares at Dec. 31, 2024   488,831 11,090,304        
Beginning balance at Dec. 31, 2024 (133,411)   $ 1 5,395 149 (138,956)  
Net loss (14,682)            
Ending balance, Shares at Jun. 30, 2025             92,344,110
Ending balance at Jun. 30, 2025             $ 234,996
Ending balance, Shares at Jun. 30, 2025   488,831 11,448,983        
Ending balance at Jun. 30, 2025 (146,613)   $ 1 7,110 (86) (153,638)  
Beginning balance, Shares at Dec. 31, 2024             92,344,110
Beginning balance at Dec. 31, 2024             $ 234,996
Beginning balance, Shares at Dec. 31, 2024   488,831 11,090,304        
Beginning balance at Dec. 31, 2024 (133,411)   $ 1 5,395 149 (138,956)  
Ending balance, Shares at Dec. 31, 2025             92,344,110
Ending balance at Dec. 31, 2025 234,996           $ 234,996
Ending balance, Shares at Dec. 31, 2025   488,831 12,047,585        
Ending balance at Dec. 31, 2025 (158,954)   $ 1 9,892 (72) (168,775)  
Beginning balance, Shares at Mar. 31, 2025             92,344,110
Beginning balance at Mar. 31, 2025             $ 234,996
Beginning balance, Shares at Mar. 31, 2025   488,831 11,378,289        
Beginning balance at Mar. 31, 2025 (140,293)   $ 1 6,264 57 (146,615)  
Issuance of common stock upon exercise of stock options 164     164      
Issuance of common stock upon exercise of stock options, Shares     70,694        
Vesting of early exercised stock options 2     2      
Stock-based compensation expense 680     680      
Other comprehensive loss (143)       (143)    
Net loss (7,023)         (7,023)  
Ending balance, Shares at Jun. 30, 2025             92,344,110
Ending balance at Jun. 30, 2025             $ 234,996
Ending balance, Shares at Jun. 30, 2025   488,831 11,448,983        
Ending balance at Jun. 30, 2025 (146,613)   $ 1 7,110 (86) (153,638)  
Beginning balance, Shares at Dec. 31, 2025             92,344,110
Beginning balance at Dec. 31, 2025 234,996           $ 234,996
Beginning balance, Shares at Dec. 31, 2025   488,831 12,047,585        
Beginning balance at Dec. 31, 2025 (158,954)   $ 1 9,892 (72) (168,775)  
Issuance of common stock upon exercise of stock options 661     661      
Issuance of common stock upon exercise of stock options, Shares     824,237        
Vesting of early exercised stock options 102     102      
Stock-based compensation expense 1,453     1,453      
Other comprehensive loss (8)       (8)    
Net loss (21,325)         (21,325)  
Ending balance, Shares at Mar. 31, 2026             92,344,110
Ending balance at Mar. 31, 2026             $ 234,996
Ending balance, Shares at Mar. 31, 2026   488,831 12,871,822        
Ending balance at Mar. 31, 2026 (178,071)   $ 1 12,108 (80) (190,100)  
Beginning balance, Shares at Dec. 31, 2025             92,344,110
Beginning balance at Dec. 31, 2025 234,996           $ 234,996
Beginning balance, Shares at Dec. 31, 2025   488,831 12,047,585        
Beginning balance at Dec. 31, 2025 $ (158,954)   $ 1 9,892 (72) (168,775)  
Issuance of common stock upon exercise of stock options, Shares 1,081,384            
Net loss $ (34,524)            
Ending balance, Shares at Jun. 30, 2026     69,387,732        
Ending balance at Jun. 30, 2026 312,857   $ 7 516,288 (139) (203,299)  
Beginning balance, Shares at Mar. 31, 2026             92,344,110
Beginning balance at Mar. 31, 2026             $ 234,996
Beginning balance, Shares at Mar. 31, 2026   488,831 12,871,822        
Beginning balance at Mar. 31, 2026 (178,071)   $ 1 12,108 (80) (190,100)  
Conversion of convertible preferred stock to common stock, Shares             (92,344,110)
Conversion of convertible preferred stock to common stock             $ (234,996)
Conversion of convertible preferred stock to common stock, Shares     38,824,974        
Conversion of convertible preferred stock to common stock 234,996   $ 4 234,992      
Conversion of convertible notes to common stock, Shares     3,910,025        
Conversion of convertible notes to common stock 66,471   $ 1 66,470      
Conversion of founders preferred stock to common stock, Shares   (488,831) 488,831        
Issuance of common stock in connection with initial public offering, net of underwriting and offering costs, Shares     12,937,500        
Issuance of common stock in connection with initial public offering, net of underwriting and offering costs 197,837   $ 1 197,836      
Conversion of preferred stock warrants to common stock warrants 364     364      
Issuance of common stock upon exercise of common stock warrants, Shares     97,828        
Issuance of common stock upon exercise of stock options 1,213     1,213      
Issuance of common stock upon exercise of stock options, Shares     256,752        
Vesting of early exercised stock options 128     128      
Stock-based compensation expense 3,177     3,177      
Other comprehensive loss (59)       (59)    
Net loss (13,199)         (13,199)  
Ending balance, Shares at Jun. 30, 2026     69,387,732        
Ending balance at Jun. 30, 2026 $ 312,857   $ 7 $ 516,288 $ (139) $ (203,299)