| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $88.4M+27.5% | $69.4M+195.4% | $23.5M+4.9% | $22.4M-58.7% | $54.2M+1085.2% | $4.6M |
| Investments | $247.7M | $0-100.0% | $98.9M-7.4% | $106.8M-5.6% | $113.2M | — |
| Prepaid expenses and other current assets | $12.7M+4623.1% | $268K-85.1% | $1.8M-21.2% | $2.3M-67.3% | $7.0M+6655.3% | $103K |
| Total current assets | $348.8M+400.8% | $69.7M-43.9% | $124.2M-5.5% | $131.5M-24.6% | $174.3M+3628.3% | $4.7M |
| Property and equipment, net | $170K | — | $288K+19.0% | $242K+30.1% | $186K+376.9% | $39K |
| Operating lease right-of-use assets | $726K | — | $614K-38.8% | $1.0M+85.1% | $542K | — |
| Other assets | $69K-97.8% | $3.1M | — | $2.6M+747.7% | $302K | — |
| Total assets | $349.8M+380.5% | $72.8M-42.9% | $127.4M-5.8% | $135.3M-22.8% | $175.4M+3619.3% | $4.7M |
| Accounts payable | $2.2M+66.7% | $1.3M-46.2% | $2.4M-7.0% | $2.6M+113.2% | $1.2M+95.5% | $618K |
| Accrued expenses and other current liabilities | $9.4M+128.3% | $4.1M | — | — | — | — |
| Related party accrued expenses and other current liabilities | $5.0M-9.7% | $5.5M | — | — | — | — |
| Warrant liability, related party | $0-100.0% | $1.1M | — | — | — | — |
| Total current liabilities | $16.5M+37.9% | $12.0M-32.0% | $17.6M+126.6% | $7.8M+205.2% | $2.5M+43.7% | $1.8M |
| Convertible Notes payable | $0-100.0% | $107.6M | — | — | — | — |
| Long-term lease liability | $724K | $0 | — | $705K+84.6% | $382K | — |
| Total liabilities | $17.3M-85.6% | $119.6M+565.8% | $18.0M+109.9% | $8.6M+190.6% | $2.9M+66.0% | $1.8M |
| Common stock, $0.0001 par value; 300,000,000 and 40,000,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 49,316,287 and 3,672,794 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $5K+400.0% | $1K-66.7% | $3K+50.0% | $2K+0.0% | $2K | — |
| Additional paid-in capital | $506.8M+283012.3% | $179K-99.9% | $272.6M+26.7% | $215.1M+3.0% | $208.9M+331434.9% | $63K |
| Accumulated other comprehensive gain | $129K | $0-100.0% | $237K+150.9% | -$466K-689.8% | -$59K | — |
| Accumulated deficit | -$174.4M-271.2% | -$47.0M+71.3% | -$163.4M-85.9% | -$87.9M-141.5% | -$36.4M-171.4% | -$13.4M |
| Total stockholders' equity | $332.5M+810.5% | -$46.8M-142.8% | $109.5M-13.6% | $126.7M-26.5% | $172.4M+1392.1% | -$13.3M |
| Total liabilities, Series Seed convertible preferred stock and stockholders' equity (deficit) | $349.8M+380.5% | $72.8M-42.9% | $127.4M-5.8% | $135.3M-22.8% | $175.4M+3619.3% | $4.7M |
| 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 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively; liquidation preference of $2 as of December 31, 2024 and none as of December 31, 2025, respectively | $0-100.0% | $2K | — | — | — | — |
| Series A Non-voting Convertible Preferred Stock | ||||||
| Series A non-voting convertible preferred stock, $0.0001 par value; 12,622 and no shares authorized as of December 31, 2025 and December 31, 2024, respectively; 12,622 shares and no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $2K | $0 | — | — | — | — |
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.