Redeemable Convertible Preferred Stock (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2026

Dec. 31, 2025

At June 30, 2026 and December 31, 2025, the Preferred Stock is summarized below (in thousands, except share amounts):


	Amounts at June 30, 2026
	Total Shares Authorized		Total Shares Issued and Outstanding		Carrying Value		Liquidation Preference		Common Shares Issuable Upon Conversion
Series A-1 Preferred Stock		33,222,339		26,114,925	$	29,486	$	29,486		26,114,925
Series A-2 Preferred Stock		14,936,323		14,936,323		16,807		14,936		14,936,323
Series A-3 Preferred Stock		6,146,592		6,146,592		9,035		9,035		6,146,592
Series B Preferred Stock		76,187,917		76,187,917		114,732		115,044		76,187,917
Series C Preferred Stock		84,567,145		84,567,145		159,968		160,500		84,567,145

Total		215,060,316		207,952,902	$	330,028	$	329,001		207,952,902


	Amounts at December 31, 2025
	Total Shares Authorized		Total Shares Issued and Outstanding		Carrying Value		Liquidation Preference		Common Shares Issuable Upon Conversion
Series A-1 Preferred Stock		33,222,339		33,200,215	$	37,486	$	37,486		33,200,215
Series A-2 Preferred Stock		14,936,323		14,936,323		16,807		14,936		14,936,323
Series A-3 Preferred Stock		6,146,592		6,146,592		9,035		9,035		6,146,592
Series B Preferred Stock		76,187,917		76,187,917		114,732		115,044		76,187,917
Series C Preferred Stock		84,567,145		84,567,145		159,968		160,500		84,567,145

Total		215,060,316		215,038,192	$	338,028	$	337,001		215,038,192

At December 31, 2025 and 2024, the Preferred Stock is summarized below (in thousands, except share amounts):


	Amounts at December 31, 2025 and December 31, 2024
	Total Shares Authorized		Total Shares Issued and Outstanding		Carrying Value		Liquidation Preference		Common Shares Issuable Upon Conversion
Series A-1 Preferred Stock		33,222,339		33,200,215	$	37,486	$	37,486		33,200,215
Series A-2 Preferred Stock		14,936,323		14,936,323		16,807		14,936		14,936,323
Series A-3 Preferred Stock		6,146,592		6,146,592		9,035		9,035		6,146,592
Series B Preferred Stock		76,187,917		76,187,917		114,732		115,044		76,187,917
Series C Preferred Stock		84,567,145		84,567,145		159,968		160,500		84,567,145

Total		215,060,316		215,038,192	$	338,028	$	337,001		215,038,192