Net Loss Per Share Attributable to Common Stockholders (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Loss per Share

Basic and diluted net loss per share was calculated as follows for the years ended December 31, 2025 and 2024 (in thousands, except share and per share amounts):

	2025		2024
Numerator:
Net loss attributable to common stockholders	$	(80,403)	$	(51,791)
Denominator:
Weighted-average common shares outstanding, basic and diluted(1)	30,380,567		4,690,094
Net loss per share attributable to common stockholders, basic and diluted	$	(2.65)	$	(11.04)

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(1) Weighted-average common shares outstanding for the year ended December 31, 2025 includes 6,003,758 of common shares issuable upon the exercise of pre-funded warrants issued in the Initial Closing.

Schedule of Excluded Anti-dilutive Securities

The Company excluded the following from the computation of diluted net loss per share attributable to common stockholders as of December 31, 2025 and 2024 because including them would have had an anti-dilutive effect:

	2025	2024
Shares issuable upon settlement of derivative tranche liability in Private Placement	32,681,866	—
Stock options outstanding	4,383,641	2,119,425
Restricted stock vesting	—	15,943
Warrant outstanding	142	142
	37,065,649	2,135,510