v3.26.3
Capital Structure (Tables)
9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Summary of Issued and Outstanding Redeemable Convertible Preferred Stock

Issued and outstanding redeemable convertible preferred stock consisted of the following (in thousands, except share and per share amounts):

 

 

 

December 31, 2025

 

Series

 

Shares
Authorized

 

 

Shares
Issued and
Outstanding

 

 

Original
Issue Price

 

 

Aggregate
Liquidation
Amount

 

 

Carrying
Value

 

Series A

 

 

48,000,000

 

 

 

48,000,000

 

 

$

1.00

 

 

$

48,000

 

 

$

47,916

 

Series A-1

 

 

51,268,891

 

 

 

51,268,891

 

 

 

2.00

 

 

 

102,538

 

 

 

102,472

 

Series B

 

 

29,271,143

 

 

 

17,456,768

 

 

 

17.69

 

 

 

308,786

 

 

 

297,294

 

Series B-1

 

 

35,756,908

 

 

 

35,756,908

 

 

 

5.84

 

 

 

208,979

 

 

 

224,200

 

Series C

 

 

24,884,830

 

 

 

5,194,787

 

 

 

21.50

 

 

 

111,682

 

 

 

108,629

 

Series C-1

 

 

4,975,110

 

 

 

4,975,110

 

 

 

5.84

 

 

 

29,077

 

 

 

30,806

 

Series D

 

 

68,441,007

 

 

 

60,005,669

 

 

 

5.84

 

 

 

350,700

 

 

 

350,153

 

Total

 

 

262,597,889

 

 

 

222,658,133

 

 

 

 

 

$

1,159,762

 

 

$

1,161,470

 

Summary of Common Stock Reserved for Future issuance

Common stock reserved for future issuance, on an as if-converted basis, consisted of the following:

 

 

September 30,
2026

 

 

December 31,
2025

 

Conversion of redeemable convertible preferred stock

 

 

—

 

 

 

29,855,741

 

Common stock warrants

 

 

739,559

 

 

 

739,559

 

Stock options issued and outstanding

 

 

7,955,797

 

 

 

5,513,142

 

Stock options available for future issuance

 

 

1,793,197

 

 

 

1,449,522

 

Shares reserved for ESPP

 

 

539,582

 

 

 

—

 

Total

 

 

11,028,135

 

 

 

37,557,964