| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $213.2M+513.2% | $34.8M-16.8% | $41.8M-12.7% | $47.9M-47.0% | $90.3M-34.1% | $137.0M-13.4% | $158.2M |
| Accounts receivable, net | $18.0M | $0 | — | — | — | — | — |
| Prepaid expenses and other current assets | $5.5M+14276.3% | $38K-98.1% | $2.0M-29.8% | $2.8M+432.8% | $534K-56.9% | $1.2M-71.4% | $4.3M |
| Total current assets | $236.7M+580.0% | $34.8M-20.5% | $43.8M-13.7% | $50.7M-44.1% | $90.8M-34.3% | $138.3M-14.9% | $162.5M |
| Property and equipment, net | $846K | $0 | — | — | $369K-40.6% | $621K-24.6% | $823K |
| Operating lease right-of-use assets | $1.5M | $0 | — | $751K-52.3% | $1.6M-32.2% | $2.3M-22.6% | $3.0M |
| Restricted cash | $107K | $0 | — | — | — | — | — |
| Other assets | $1.2M+49.6% | $813K | — | $295K | — | — | — |
| Total assets | $240.3M+574.7% | $35.6M-21.4% | $45.3M-12.5% | $51.8M-45.1% | $94.3M-33.9% | $142.8M-15.0% | $168.0M |
| Deposit liability | $5.0M | $0 | — | — | — | — | — |
| Deferred revenue | $4.2M | $0 | — | — | — | — | — |
| Operating lease liability, current | $435K | $0-100.0% | $742K-19.3% | $919K-8.3% | $1.0M+11.4% | $899K+11.7% | $804K |
| Warrant liability, related party | $0-100.0% | $61K | — | — | — | — | — |
| Total current liabilities | $36.1M+275.2% | $9.6M+40.7% | $6.8M-23.0% | $8.9M-24.9% | $11.8M-4.9% | $12.4M+13.5% | $11.0M |
| Operating lease liability, noncurrent | $1.2M | $0 | — | — | — | $1.9M-31.9% | $2.8M |
| Notes payable, noncurrent | $0-100.0% | $15.0M | — | — | — | — | — |
| Total liabilities | $37.3M-20.8% | $47.1M+582.3% | $6.9M-22.3% | $8.9M-30.3% | $12.7M-12.8% | $14.6M+6.1% | $13.8M |
| Ordinary shares, $0.001 par value; [x] shares and 40,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; [x] and [x] shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $28K+2700.0% | $1K-98.4% | $64K+18.4% | $54K+3.9% | $52K+6.7% | $49K+12.8% | $43K |
| Additional paid-in capital | $370.8M+15433.9% | $2.4M-99.5% | $494.8M+7.0% | $462.5M+1.8% | $454.4M+3.8% | $437.6M+6.1% | $412.6M |
| Accumulated deficit | -$171.8M-861.6% | -$17.9M+96.1% | -$456.5M-8.8% | -$419.6M-12.5% | -$372.9M-20.5% | -$309.5M-19.7% | -$258.4M |
| Total shareholders' equity (deficit) | $203.0M+1411.5% | -$15.5M-140.3% | $38.4M-10.5% | $42.9M-47.4% | $81.6M-36.4% | $128.2M-16.8% | $154.2M |
| Total liabilities, convertible preferred shares, and shareholders’ equity (deficit) | $240.3M+574.7% | $35.6M-21.4% | $45.3M-12.5% | $51.8M-45.1% | $94.3M-33.9% | $142.8M-15.0% | $168.0M |
| Series Seed Convertible Preferred Stock | |||||||
| Series Seed convertible preferred stock, $0.0001 par value; no shares and 20,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; no shares and 20,000,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively; liquidation preference of $0 and $4,000 as of December 31, 2025 and December 31, 2024, respectively | $0-100.0% | $4.0M | — | — | — | — | — |
| Series A Preferred Stock | |||||||
| Series A non-voting convertible preferred shares, $0.001 par value; 2,890 shares and no shares authorized as of December 31, 2025 and December 31, 2024, respectively; 2,890 shares and no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $4.0M | $0 | — | — | — | — | — |
| Nonrelated Party | |||||||
| Accounts payable | $10.0M+9243.0% | $107K-87.7% | $868K-10.5% | $970K-54.0% | $2.1M+0.8% | $2.1M+45.6% | $1.4M |
| Accrued expenses and other current liabilities | $0-100.0% | $341K | — | — | — | — | — |
| Related Party | |||||||
| Related party accounts payable and other current liabilities | $140K-98.1% | $7.2M | — | — | — | — | — |
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.