XML 37 R6.htm IDEA: XBRL DOCUMENT v3.26.3
Condensed Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Thousands
Total
February 2026 P I P E Transaction
February 2026 P I P E Transaction
February 2026 common warrants
May 2025 PIPE Transaction
May 2025 PIPE Transaction
Series B Warrants
April 2025 PIPE Transaction
Common Stock
Common Stock
February 2026 P I P E Transaction
February 2026 common warrants
Common Stock
February 2026 P I P E Transaction
February 2026 Prefunded Warrants
Common Stock
May 2025 PIPE Transaction
Common Stock
May 2025 PIPE Transaction
Series B Warrants
Common Stock
April 2025 PIPE Transaction
Common Stock
January 2024 PIPE Transaction
Additional Paid-In Capital
Additional Paid-In Capital
February 2026 P I P E Transaction
Additional Paid-In Capital
February 2026 P I P E Transaction
February 2026 common warrants
Additional Paid-In Capital
May 2025 PIPE Transaction
Additional Paid-In Capital
May 2025 PIPE Transaction
Series B Warrants
Additional Paid-In Capital
April 2025 PIPE Transaction
Accumulated Other Comprehensive Income
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2024             9,015,087                            
Beginning balance at Dec. 31, 2024 $ 18,429           $ 1             $ 525,618           $ 4,209 $ (511,399)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net loss (25,473)                                       (25,473)
Stock-based compensation 2,042                         2,042              
Foreign exchange translation adjustment (285)                                     (285)  
Ending balance (in shares) at Mar. 31, 2025             9,015,087                            
Ending balance at Mar. 31, 2025 (5,287)           $ 1             527,660           3,924 (536,872)
Beginning balance (in shares) at Dec. 31, 2024             9,015,087                            
Beginning balance at Dec. 31, 2024 18,429           $ 1             525,618           4,209 (511,399)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net loss (77,872)                                        
Reclassification of SARs liability to equity 0                                        
Foreign exchange translation adjustment (1,627)                                        
Ending balance (in shares) at Sep. 30, 2025             9,865,060                            
Ending balance at Sep. 30, 2025 10,499           $ 1             597,187           2,582 (589,271)
Beginning balance (in shares) at Mar. 31, 2025             9,015,087                            
Beginning balance at Mar. 31, 2025 (5,287)           $ 1             527,660           3,924 (536,872)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net loss (26,820)                                       (26,820)
Stock-based compensation 1,899                         1,899              
Foreign exchange translation adjustment (1,399)                                     (1,399)  
Issuance of pre-funded warrants       $ 60,661                         $ 60,661        
Issuance of common stock (in shares)                       566,667                  
Issuance of common stock           $ 4,734           $ 0             $ 4,734    
Exercise of warrants (in shares)                         261,306                
Shares issued in connection with the Company's employee stock purchase plan (in shares)             22,000                            
Shares issued in connection with the Company's employee stock purchase plan 123                         123              
Ending balance (in shares) at Jun. 30, 2025             9,865,060                            
Ending balance at Jun. 30, 2025 33,911           $ 1             595,077           2,525 (563,692)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net loss (25,579)                                       (25,579)
Stock-based compensation 2,110                         2,110              
Foreign exchange translation adjustment 57                                     57  
Ending balance (in shares) at Sep. 30, 2025             9,865,060                            
Ending balance at Sep. 30, 2025 $ 10,499           $ 1             597,187           2,582 (589,271)
Beginning balance (in shares) at Dec. 31, 2025 15,880,822           12,038,263                            
Beginning balance at Dec. 31, 2025 $ (6,673)           $ 1             599,249           2,648 (608,571)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net loss (32,588)                                       (32,588)
Stock-based compensation 1,443                         1,443              
Foreign exchange translation adjustment 409                                     409  
Issuance of common stock   $ 187,263                         $ 187,263            
Exercise of warrants (in shares)                   1,383,220 200,000                    
Exercise of warrants       $ 0 $ 1,377                         $ 1,377      
Ending balance (in shares) at Mar. 31, 2026             13,621,483                            
Ending balance at Mar. 31, 2026 $ 151,231           $ 1             789,332           3,057 (641,159)
Beginning balance (in shares) at Dec. 31, 2025 15,880,822           12,038,263                            
Beginning balance at Dec. 31, 2025 $ (6,673)           $ 1             599,249           2,648 (608,571)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net loss (108,996)                                        
Reclassification of SARs liability to equity 5,198                                        
Foreign exchange translation adjustment $ 101                                        
Ending balance (in shares) at Sep. 30, 2026 12,038,263           15,880,822                            
Ending balance at Sep. 30, 2026 $ 104,473           $ 1             819,290           2,749 (717,567)
Beginning balance (in shares) at Mar. 31, 2026             13,621,483                            
Beginning balance at Mar. 31, 2026 151,231           $ 1             789,332           3,057 (641,159)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net loss (34,099)                                       (34,099)
Stock-based compensation 5,416                         5,416              
Reclassification of SARs liability to equity 5,198                         5,198              
Foreign exchange translation adjustment (285)                                     (285)  
Shares issued in connection with the Company's employee stock purchase plan (in shares)             18,884                            
Shares issued in connection with the Company's employee stock purchase plan 86                         86              
Exercise of employee stock options (in shares)             4,100                            
Exercise of employee stock options 32                         32              
Ending balance (in shares) at Jun. 30, 2026             13,644,467                            
Ending balance at Jun. 30, 2026 127,579           $ 1             800,064           2,772 (675,258)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net loss (42,309)                                       (42,309)
Stock-based compensation 13,908                         13,908              
Foreign exchange translation adjustment (23)                                     (23)  
SARs exercised (in shares)             46,946                            
Exercise of February 2026 Common Warrants, net of issuance costs (in shares)               612,700                          
Exercise of February 2026 Common Warrants, net of issuance costs of $321,000     $ 5,029                         $ 5,029          
Exercise of warrants (in shares)                 612,644 499,970 430,180                    
Exercise of employee stock options (in shares)             33,915                            
Exercise of employee stock options $ 289                         289              
Ending balance (in shares) at Sep. 30, 2026 12,038,263           15,880,822                            
Ending balance at Sep. 30, 2026 $ 104,473           $ 1             $ 819,290           $ 2,749 $ (717,567)