Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share of common stock, Series A Preferred Stock, and Series B Preferred Stock (in thousands, except share and per share amounts):

	Three Months Ended June 30,
	2025						2024
	Series A Preferred Stock		Series B Preferred Stock		Common Stock		Series A Preferred Stock		Series B Preferred Stock		Common Stock
Net loss per share, basic and diluted:
Numerator
Allocation of losses	$	(6,791)	$	(327)	$	(29,599)	$	(8,714)	$	(3,370)	$	(26,753)
Denominator
Weighted-average shares outstanding	346,045		16,667		60,333,838		369,043		142,745		45,214,616
Weighted-average pre-funded warrants outstanding	—		—		—		—		—		101,648
Number of shares used in per share computation	346,045		16,667		60,333,838		369,043		142,745		45,316,264
Net loss per share, basic and diluted	$	(19.62)	$	(19.62)	$	(0.49)	$	(23.61)	$	(23.61)	$	(0.59)
	Six Months Ended June 30,
	2025						2024
	Series A Preferred Stock		Series B Preferred Stock		Common Stock		Series A Preferred Stock		Series B Preferred Stock		Common Stock
Net loss per share, basic and diluted:
Numerator
Allocation of losses	$	(15,078)	$	(726)	$	(65,686)	$	(21,089)	$	(8,084)	$	(53,521)
Denominator
Weighted-average shares outstanding	346,045		16,667		60,300,073		403,040		154,503		40,738,639
Weighted-average pre-funded warrants outstanding	—		—		—		—		—		175,824
Number of shares used in per share computation	346,045		16,667		60,300,073		403,040		154,503		40,914,463
Net loss per share, basic and diluted	$	(43.57)	$	(43.57)	$	(1.09)	$	(52.32)	$	(52.32)	$	(1.31)

Schedule of Weighted-Average Equity Instruments Excluded from Calculation of Diluted Net Loss Per Share

The following weighted-average equity instruments were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Options to purchase common stock	805,306	5,010,436	1,324,645	4,526,643
Unvested restricted stock units	—	79,870	11,943	71,368
Outstanding Parapyre warrants	—	684,407	—	684,407