v3.26.1
Condensed Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Balance at Dec. 31, 2024 $ 115,619 $ 37 $ 387,437 $ (271,855)
Balance, shares at Dec. 31, 2024   37,143,242 317,577    
Stock-based compensation 2,444 2,444
Exercise of common stock options, net of shares withheld for exercise price 2 2
Exercise of common stock options, net of shares withheld for exercise price, shares   500      
Exercise of common stock warrants, net of shares withheld for exercise price 5,600 $ 1 5,599
Exercise of common stock warrants, net of shares withheld for exercise price, shares   695,650      
Net loss (36,997) (36,997)
Total stockholders’ equity at Mar. 31, 2025 86,668 $ 38 395,482 (308,852)
Balance, shares at Mar. 31, 2025   37,839,392 317,577    
Balance at Dec. 31, 2024 115,619 $ 37 387,437 (271,855)
Balance, shares at Dec. 31, 2024   37,143,242 317,577    
Net loss (82,265)        
Total stockholders’ equity at Jun. 30, 2025 44,375 $ 39 398,456 (354,120)
Balance, shares at Jun. 30, 2025   38,914,208 213,151    
Balance at Mar. 31, 2025 86,668 $ 38 395,482 (308,852)
Balance, shares at Mar. 31, 2025   37,839,392 317,577    
Stock-based compensation 2,704 2,704
Stock-based compensation, shares   1,029      
Employee stock purchases 253 253
Employee stock purchases, shares   26,966      
Conversion of preferred stock to common stock $ 1 (1)
Conversion of preferred stock to common stock, shares   1,044,260 (104,426)    
Exercise of common stock options, net of shares withheld for exercise price 18 18
Exercise of common stock options, net of shares withheld for exercise price, shares   2,561      
Net loss (45,268) (45,268)
Total stockholders’ equity at Jun. 30, 2025 44,375 $ 39 398,456 (354,120)
Balance, shares at Jun. 30, 2025   38,914,208 213,151    
Balance at Dec. 31, 2025 100,555 $ 48 549,404 (448,897)
Balance, shares at Dec. 31, 2025   48,244,960 0    
Stock-based compensation 5,325 5,325
Stock-based compensation, shares   215      
Exercise of common stock options, net of shares withheld for exercise price 455 455
Exercise of common stock options, net of shares withheld for exercise price, shares   56,427      
Exercise of common stock warrants, net of shares withheld for exercise price 31 31
Exercise of common stock warrants, net of shares withheld for exercise price, shares   45,788      
Net loss (52,841) (52,841)
Total stockholders’ equity at Mar. 31, 2026 53,525 $ 48 555,215 (501,738)
Balance, shares at Mar. 31, 2026   48,347,390 0    
Balance at Dec. 31, 2025 100,555 $ 48 549,404 (448,897)
Balance, shares at Dec. 31, 2025   48,244,960 0    
Conversion of Term A Loan outstanding principal to common stock 3,368        
Net loss (131,705)        
Total stockholders’ equity at Jun. 30, 2026 (12,781) $ 49 567,772 (580,602)
Balance, shares at Jun. 30, 2026   48,922,556 0    
Balance at Mar. 31, 2026 53,525 $ 48 555,215 (501,738)
Balance, shares at Mar. 31, 2026   48,347,390 0    
Stock-based compensation 6,904 6,904
Stock-based compensation, shares   0      
Employee stock purchases 798 798
Employee stock purchases, shares   60,604      
Exercise of common stock options, net of shares withheld for exercise price 1,488 1,488
Exercise of common stock options, net of shares withheld for exercise price, shares   170,760      
Conversion of Term A Loan outstanding principal to common stock 3,368 $ 1   3,367  
Conversion of Term A Loan outstanding principal to common stock, shares   343,802 0    
Net loss (78,864) $ 0 (78,864)
Total stockholders’ equity at Jun. 30, 2026 $ (12,781) $ 49 $ 567,772 $ (580,602)
Balance, shares at Jun. 30, 2026   48,922,556 0