v3.26.3
Fair value measurements (Tables)
3 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial assets (liabilities) measured on recurring basis

The Company’s financial assets (liabilities) measured at fair value on a recurring basis are as follows:

 

    Significant Other
Observable Inputs
 
As of June 30, 2026  Level 1   Level 2   Level 3 
Derivative asset (see Note 15)  $144   $—   $— 
Accounts receivable (subject to provisional pricing)   —    43    — 

 

    Significant Other
Observable Inputs
 
As of March 31, 2026  Level 1   Level 2   Level 3 
Derivative asset (see Note 15)  $1   $—   $— 
Accounts receivable (subject to provisional pricing)   —    58    — 
SAFEs (see Note 11)   —    —    (25,210)
Conversion feature of convertible notes (see Note 12)   —    —    (26,244)
The following table provides a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis as of June 30, 2026, and 2025:

The following table provides a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis as of June 30, 2026, and 2025:

 

   SAFEs   Conversion
feature
 
Balance as of April 1, 2026  $25,210   $26,244 
Proceeds from issuances of SAFEs   1,650    — 
Change in fair value (gain) loss   789    (2,096)
Conversion of SAFEs into common stock (See Note 11)   (25,821)   — 
Settlement of SAFEs through issuance of promissory note (See Note 11)   (1,828)   — 
Conversion of convertible debt into common stock (See Note 12)   —    (24,148)
Balance as of June 30, 2026  $—   $— 
           

Balance as of April 1, 2025

  $19,774   $25,384 
Proceeds from issuances of SAFEs   495    — 
Change in fair value   1,938    — 
Balance as of June 30, 2025  $22,207   $25,384