v3.26.1
STOCK-BASED COMPENSATION AND ESPP (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Valuation Assumptions for Stock Options
The grant-date fair value of the stock options with a market condition was estimated using the following Black-Scholes option-pricing model assumptions:
Fair value of common stock$8.49 
Expected volatility 75.0 %
Expected term (in years)
5-10
Risk-free interest rate
3.7% - 4.1%
Expected dividend yield0.0 %
Schedule of Valuation Assumptions for ESPP
The grant-date fair value of the ESPP awards was estimated using the following Black-Scholes option-pricing model assumptions:
Valuation Date Stock Price
$
42.50 
IPO Stock Price
$
27.00 
Term
Various
Expected volatility
75.0 
%
Risk-free interest rates
3.7% - 3.8%
Expected dividend yield
0.0 
%