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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 44,776,000 $ 51,367,000
Short-term investments 132,010,000  
Accounts receivable, net of allowance for credit losses of $626 and $814 at December 31, 2025 and 2024, respectively 29,343,000 24,639,000
Restricted cash, current   150,000
Prepaid expenses and other current assets 14,075,000 6,132,000
Total current assets 220,204,000 82,288,000
Long-term investments 103,365,000  
Property and equipment, net 8,587,000 8,920,000
Operating lease right-of-use assets 17,488,000 18,805,000
Restricted cash, non-current 4,709,000 4,325,000
Other non-current assets 5,099,000 4,366,000
Total assets 359,452,000 118,704,000
Current liabilities    
Accounts payable 3,169,000 2,870,000
Accrued expenses and other current liabilities 33,279,000 25,319,000
Operating lease liabilities, current 5,922,000 5,416,000
Total current liabilities 42,370,000 33,605,000
Term loan   136,431,000
Common stock warrant liability 0 20,835,000
Operating lease liabilities, non-current 16,132,000 18,537,000
Other non-current liabilities 303,000 214,000
Total liabilities 58,805,000 209,622,000
Commitments and contingencies (Note 7)
Redeemable convertible preferred stock issuable in series, $0.001 par value; none and 122,231,454 shares authorized, issued and outstanding as of December 31, 2025 and 2024, respectively; aggregate liquidation value of none and $951,917 as of December 31, 2025 and 2024, respectively   768,566,000
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 50,000,000 and no shares authorized as of December 31, 2025 and 2024, respectively; no shares issued and outstanding as of December 31, 2025 and 2024
Common stock, $0.001 par value; 250,000,000 and 210,300,000 shares authorized as of December 31, 2025 and 2024, respectively; 85,280,597 and 6,122,048 shares issued and outstanding as of December 31, 2025 and 2024. respectively 85,000 6,000
Additional paid-in capital 1,388,737,000 112,241,000
Accumulated other comprehensive loss (425,000) (772,000)
Accumulated deficit (1,087,750,000) (970,959,000)
Total stockholders’ equity (deficit) 300,647,000 (859,484,000)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) $ 359,452,000 $ 118,704,000