| Metric | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and cash equivalents | $31.6M+3.8% | $30.4M+14.6% | $26.6M |
| Restricted cash, current | $100K | — | — |
| Short-term investments | $187.5M+156.4% | $73.1M+4.2% | $70.2M |
| Accounts receivable, net | $17.1M+42.7% | $12.0M+169.7% | $4.4M |
| Inventories, net | $21.7M+63.1% | $13.3M+969.9% | $1.2M |
| Prepaid expenses and other current assets | $9.8M+144.0% | $4.0M+240.8% | $1.2M |
| Total current assets | $267.9M+101.5% | $132.9M+28.3% | $103.6M |
| Property and equipment, net | $8.6M+80.1% | $4.8M+92.9% | $2.5M |
| Operating lease right-of-use asset | $6.6M-0.3% | $6.6M+78.5% | $3.7M |
| Restricted cash, noncurrent | $100K | — | $100K |
| Deferred offering costs | $5.1M | — | — |
| Long-term investments | $45.4M | — | — |
| Other long-term assets | $180K+20.0% | $150K+24.0% | $121K |
| Total assets | $328.7M+119.7% | $149.6M+36.0% | $110.0M |
| Accounts payable | $5.0M+75.2% | $2.9M+144.6% | $1.2M |
| Accrued expenses and other current liabilities | $22.4M+41.7% | $15.8M+94.7% | $8.1M |
| Operating lease liabilities | $1.9M+26.7% | $1.5M+24.9% | $1.2M |
| Deferred revenue | $1.6M+65.8% | $939K+979.3% | $87K |
| Total current liabilities | $30.9M+46.2% | $21.1M+99.4% | $10.6M |
| Operating lease liabilities, net of current portion | $5.4M-6.3% | $5.7M+90.9% | $3.0M |
| Deferred revenue, net of current portion | $3.3M+77.3% | $1.9M+629.4% | $255K |
| Warrant liabilities | $44.9M | — | $37.6M |
| Other long-term liabilities | $1.5M | — | — |
| Total liabilities | $41.1M-44.1% | $73.6M+43.2% | $51.4M |
| Convertible preferred stock (Series A, A-2, B, B-2, C, D and E), par value of $0.0001 per share; no and 34,966,547 shares authorized at December 31, 2025 and December 31,2024, respectively; no and 17,228,954 shares issued and outstanding at December 31, 2025 and December 31,2024, respectively; liquidation preference of no and $355,162 at December 31, 2025 and December 31,2024, respectively | $321373000.00 | — | $261713000.00 |
| Common stock | $4K+300.0% | $1K+0.0% | $1K |
| Additional paid-in capital | $657.1M+1180.7% | $51.3M+94.2% | $26.4M |
| Accumulated other comprehensive income | $403K+520.0% | $65K-52.6% | $137K |
| Accumulated deficit | -$369.9M-24.7% | -$296.7M-29.2% | -$229.7M |
| Total stockholders' equity (deficit) | $287.6M+217.2% | -$245.4M-20.8% | -$203.1M |
| Total liabilities, convertible preferred stock and stockholders' equity (deficit) | $328.7M+119.7% | $149.6M+36.0% | $110.0M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.