| Metric | FY2025 | FY2024 |
|---|---|---|
| Cash and cash equivalents | $189.2M-3.8% | $196.8M |
| Marketable securities, current | $152.7M | — |
| Prepaid expenses and other current assets | $7.8M+60.5% | $4.9M |
| Total current assets | $349.7M+73.4% | $201.7M |
| Property and equipment, net | $5.0M-24.4% | $6.7M |
| Restricted cash | $1.1M+0.0% | $1.1M |
| Marketable securities, non-current | $18.1M | — |
| Operating lease right-of-use asset | $20.1M-13.5% | $23.3M |
| Other assets | $3.0M-61.2% | $7.9M |
| Total assets | $397.1M+65.1% | $240.5M |
| Accounts payable | $1.8M-7.5% | $1.9M |
| Accrued expenses and other current liabilities | $16.0M+13.2% | $14.1M |
| Operating lease liabilities, current | $4.8M+3.5% | $4.6M |
| Total current liabilities | $22.6M+9.1% | $20.7M |
| Operating lease liabilities, net of current portion | $18.5M-15.8% | $22.0M |
| Other liabilities, non-current | $1.1M+12.9% | $969K |
| Total liabilities | $42.2M-3.4% | $43.6M |
| Redeemable convertible preferred stock, $0.001 par value; no shares authorized, issued and outstanding as of December 31, 2025; 298,205,027 shares authorized and 297,205,041 shares issued and outstanding as of December 31, 2024; aggregate liquidation preference of $502,390 as of December 31, 2024 | $508.1M+0.0% | $508.1M |
| Preferred stock, $0.001 par value; 10,000,000 and no shares authorized as of December 31, 2025 and 2024, respectively; no shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 |
| Common stock, $0.001 par value; 500,000,000 and 410,000,000 shares authorized as of December 31, 2025 and 2024, respectively; 49,335,551 and 2,446,864 shares issued and outstanding as of December 31, 2025 and 2024, respectively; 10,372 shares subject to repurchase as of December 31, 2025 and 2024 | $49K+2350.0% | $2K |
| Additional paid-in-capital | $844.4M+1687.3% | $47.2M |
| Accumulated other comprehensive income | $110K | — |
| Accumulated deficit | -$489.5M-36.6% | -$358.4M |
| Total stockholders' equity (deficit) | $355.0M+214.1% | -$311.2M |
| Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) | $397.1M+65.1% | $240.5M |
| Redeemable Convertible Preferred Stock | ||
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.