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CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT ) - USD ($)
$ in Thousands
Redeemable convertible preferred stock issued in May 2023
Series B-2 And B-2A Redeemable Convertible Preferred Stock
Redeemable convertible preferred stock issued in October 2023
Series B-2 And B-2A Redeemable Convertible Preferred Stock
Redeemable convertible preferred stock issued in March 2024
Series C redeemable convertible preferred stock
Redeemable convertible preferred stock issued in May 2024
Series C redeemable convertible preferred stock
IPO
Common Stock
Voting common stock
IPO
Additional Paid-in Capital
Voting common stock
IPO
Voting common stock
Private Placement
Common Stock
Voting common stock
Private Placement
Additional Paid-in Capital
Voting common stock
Private Placement
Voting common stock
Common Stock
Additional Paid-in Capital
Accumulate Other Comprehensive Income (Loss)
Accumulated Deficit
Series B-2A redeemable convertible preferred stock
Voting common stock
Total
Redeemable Convertible Preferred Stock, Beginning balance at Dec. 31, 2022                                 $ 285,473
Redeemable Convertible Preferred Stock, Beginning balance (in shares) at Dec. 31, 2022                                 67,960,088
Redeemable convertible preferred stock                                  
Issuance of redeemable convertible preferred stock for cash, net of derivative liability and offering cost $ 57,679 $ 32,218                              
Issuance of redeemable convertible preferred stock for cash, net of derivative liability and offering cost (in shares) 12,000,000 6,000,000                              
Redeemable Convertible Preferred Stock, Ending balance at Dec. 31, 2023                             $ 8,928   $ 375,370
Redeemable Convertible Preferred Stock, Ending balance (in shares) at Dec. 31, 2023                                 85,960,088
Beginning balance at Dec. 31, 2022                     $ 1 $ 14,209 $ (127) $ (209,325)     $ (195,242)
Beginning balance (in shares) at Dec. 31, 2022                     2,642,334            
Stockholders' deficit                                  
Issuance of common stock upon exercise of stock options and early exercised stock options                       277         277
Issuance of common stock upon exercise of stock options and early exercised stock options (in shares)                     48,442            
Vesting of early exercised stock options                       1,921         1,921
Vesting of restricted shares of common stock                       23         23
Repurchase of unvested shares of restricted common stock (in shares)                     (14,797)            
Stock-based compensation expense                       8,625         8,625
Other comprehensive income (loss), net                         129       129
Net loss                           (154,993)     (154,993)
Ending balance at Dec. 31, 2023                     $ 1 25,055 2 (364,318)     (339,260)
Ending balance (in shares) at Dec. 31, 2023                     2,675,979         2,675,979  
Redeemable convertible preferred stock                                  
Conversion and redesignation of redeemable convertible preferred stock into 28,855,656 shares of voting common stock and 7,184,908 shares of non-voting common stock in connection with initial public offering                                 $ (639,237)
Conversion and redesignation of redeemable convertible preferred stock into 28,855,656 shares of voting common stock and 7,184,908 shares of non-voting common stock in connection with initial public offering (in shares)                                 (168,489,871)
Issuance of redeemable convertible preferred stock for cash, net of derivative liability and offering cost     $ 120,205 $ 143,662                          
Issuance of redeemable convertible preferred stock for cash, net of derivative liability and offering cost (in shares)     41,264,891 41,264,892                          
Redeemable Convertible Preferred Stock, Ending balance (in shares) at Dec. 31, 2024                                 0
Stockholders' deficit                                  
Issuance of voting common stock         $ 1 $ 193,315 $ 193,316   $ 40,000 $ 40,000              
Issuance of voting common stock (in shares)         13,125,000     2,500,000                  
Conversion and redesignation of redeemable convertible preferred stock into 28,855,656 shares of voting common stock and 7,184,908 shares of non-voting common stock in connection with initial public offering                     $ 3 639,234         $ 639,237
Conversion and redesignation of redeemable convertible preferred stock into 28,855,656 shares of voting common stock and 7,184,908 shares of non-voting common stock in connection with initial public offering (in shares)                     36,040,564            
Issuance of common stock upon exercise of stock options and early exercised stock options                       375         $ 375
Issuance of common stock upon exercise of stock options and early exercised stock options (in shares)                     72,201           72,201
Vesting of early exercised stock options                       1,154         $ 1,154
Vesting of restricted shares of common stock                       20         20
Repurchase of unvested shares of restricted common stock (in shares)                     (6,417)            
Stock-based compensation expense                       19,457         19,457
Other comprehensive income (loss), net                         38       38
Net loss                           (294,233)     (294,233)
Ending balance at Dec. 31, 2024                     $ 5 $ 918,610 $ 40 $ (658,551)     $ 260,104
Ending balance (in shares) at Dec. 31, 2024                     54,407,327         47,222,419