v3.26.3
Stock Option Plan (Tables)
9 Months Ended
Sep. 30, 2026
Stock Option Plan [Abstract]  
Schedule of Stock Option Activity

Stock option activity during the nine months ended September 30, 2026 is as follows:

 

    Number of
options
    Weighted
average
exercise
price
    Weighted
average
remaining
contractual life
(years)
    Aggregate
intrinsic
value
 
Balance as of December 31, 2025     14,162,648     $ 0.31       6.41     $ 2,541  
Retroactive application of reverse recapitalization     (7,061,496 )                        
Balance as of December 31, 2025, adjusted     7,101,152       0.62       6.41       2,541  
Options granted     646,357       2.55                  
Options exercised     (465,019 )     0.31               1,151  
Options cancelled     (540,179 )     0.55                  
Balance as of September 30, 2026     6,742,311     $ 0.83       6.48     $ 14,610  
Vested and expected to vest at September 30, 2026     6,742,311     $ 0.83       6.48     $ 14,610  
Exercisable at September 30, 2026     4,617,129     $ 0.57       5.41     $ 11,215  
Schedule of Fair Value Inputs

The fair value of stock options granted was estimated using the following weighted-average assumptions:

 

    Nine Months Ended
September 30,
 
    2026     2025  
Expected term (in years)     6.1       5.7  
Expected volatility     70.0 %     65.4 %
Risk-free rate     4.2 %     4.1 %
Dividend yield     —       —  
Schedule of Share Based Arrangement

The Company’s total stock-based compensation for the three and nine months ended September 30, 2026 and 2025 is as follows:

 

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2026     2025     2026     2025  
Cost of revenue   $ 17     $ 6     $ 51     $ 9  
Research and development     13       13       37       37  
Selling, general and administrative     149       81       367       343  
Total stock-based compensation   $ 179     $ 100     $ 455     $ 389