v3.26.1
Defined contribution plan
6 Months Ended
Jun. 30, 2026
Defined contribution plan  
Defined contribution plan

Note 11—Defined contribution plan

The Company has a 401(k) Employee Savings Plan (“401(k) Plan”) that is available to all employees of the Company. The Company has elected a Safe-Harbor provision for the 401(k) Plan in which participants are always fully vested in their employer contributions. The Company matches 100% of the first 3% of participating employee contributions and 50% of the next 2% of participating employee contributions. Contributions are made in cash. During the three and six months ended June 30, 2026, the Company made $135 and $375, respectively, in contributions under the 401(k) Plan. During the three and six months ended June 30, 2025, the Company made $232 and $629, respectively, in contributions under the 401(k) Plan. Contribution expense has been recognized in the consolidated statements of operations for each period.