Net loss per share is calculated by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated similarly but includes potential dilution from the exercise of stock options and stock awards and conversion of redeemable convertible preferred stock, except when the effect would be anti-dilutive.


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2026			2025			2026			2025
Net loss attributable to common stockholders	$	(21,043	)	$	(10,490	)	$	(38,783	)	$	(21,143	)

Share (denominator):
Weighted average number of common shares outstanding used in basic computation		19,089,211			843,168			10,054,267			832,224
Weighted average number of common shares outstanding used in diluted computation		19,089,211			843,168			10,054,267			832,224

Net loss per share attributable to common stockholders
Basic	$	(1.10	)	$	(12.44	)	$	(3.86	)	$	(25.41	)
Diluted	$	(1.10	)	$	(12.44	)	$	(3.86	)	$	(25.41	)

The following table summarizes the as-converted securities that were excluded from the diluted net loss per share calculation because the effect of including these potential shares would have been anti-dilutive:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Series A redeemable convertible preferred stock		—		402,239		—		402,239
Series B redeemable convertible preferred stock		—		953,488		—		953,488
Series C redeemable convertible preferred stock		—		391,042		—		391,042
Series D redeemable convertible preferred stock		—		1,396,784		—		1,396,784
Series E redeemable convertible preferred stock		—		8,597,145		—		8,597,145
Series F redeemable convertible preferred stock		—		3,545,628		—		3,545,628
Redeemable convertible preferred stock warrants		—		364,390		—		364,390
Common stock warrants		29,620		—		29,620		—
Convertible notes payable		—		—		—		—
Common shares issuable upon the exercise of stock options		7,172,475		3,214,847		7,172,475		3,214,847
Common shares issuable upon the release of restricted stock units		179,560		—		179,560		—
Potentially dilutive securities		7,381,655		18,865,563		7,381,655		18,865,563

In connection with the IPO, on May 1, 2026, the Company effected a 1-for-3.483 reverse stock split. All share and per share amounts for all periods presented have been retroactively adjusted to reflect this reverse stock split.