Term Loans (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Future Principal Debt Payments on Term Loan Agreement

Future principal debt payments on the 2025 Trinity Term Loan Agreement as of December 31, 2025 are as follows (in thousands):

Year Ending December 31,
2025	$	—
2026		—
2027		—
2028		—
2029		11,969
2030		38,031
Total principal payments	$	50,000

Schedule of Reconcile of Change in Fair Value of Debt

Trinity Term Loans
Beginning fair value balance as of January 1, 2024	$	40,508
Principal payments		—
Change in fair value reported in statements of operations		(597	)
Change in fair value reported in comprehensive loss		4,031
Beginning fair value balance as of January 1, 2025	$	43,942
Repayment of 2023 Term Loan		(40,612	)
Beginning fair value balance of 2025 Trinity Term Loan on August 7, 2025		49,783
Change in fair value reported in statements of operations		832
Change in fair value reported in comprehensive loss		(3,839	)
Ending fair value balance as of December 31, 2025	$	50,106

The following table reconciles the change in fair value of the Success Fees liability during the years ended December 31, 2025 and 2024 (in thousands):

Success Fees
Beginning fair value balance at January 1, 2024	$	800
Change in fair value of 2023 Success Fee		130
Ending fair value balance as of December 31, 2024	$	930
Beginning fair value balance of 2025 Success Fee on August 7, 2025		217
Change in fair value of Success Fees		405
Ending fair value balance as of December 31, 2025	$	1,552