| Metric | FY2025 | FY2024 |
|---|---|---|
| Cash and cash equivalents | $46.7M+22.2% | $38.3M |
| Short-term investments | $258.4M+266.3% | $70.5M |
| Prepaid expenses and other current assets | $19.6M+237.0% | $5.8M |
| Total current assets | $324.7M+183.3% | $114.6M |
| Property and equipment, net | $1.1M-9.3% | $1.2M |
| Long-term investments | $148.0M+1200.5% | $11.4M |
| Restricted cash | $207K+0.0% | $207K |
| Right of use asset | $5.5M-13.6% | $6.4M |
| Other assets | $59K-98.1% | $3.2M |
| Total assets | $479.5M+250.2% | $136.9M |
| Accounts payable | $3.3M+72.0% | $1.9M |
| Accrued expenses | $12.0M+20.6% | $10.0M |
| Lease liability - current | $891K+14.5% | $778K |
| Deferred grant earnings | $0-100.0% | $3.2M |
| Total current liabilities | $16.2M+1.9% | $15.9M |
| Lease liability - noncurrent | $4.9M-15.3% | $5.8M |
| Total liabilities | $21.1M-2.7% | $21.7M |
| Common stock, $0.0001 par value; and 500,000,000 and 325,000,000 shares authorized as of December 31, 2025 and 2024, respectively; 44,024,088 and 761,276 shares issued and outstanding at December 31, 2025 and 2024, respectively | $5K | $0 |
| Additional paid-in-capital | $819.1M+14587.4% | $5.6M |
| Accumulated other comprehensive (loss) income | -$228K-239.9% | $163K |
| Accumulated deficit | -$360.5M-80.8% | -$199.4M |
| Total stockholders' equity (deficit) | $458.4M+336.7% | -$193.6M |
| Total liabilities, redeemable convertible preferred stock, and stockholders' equity (deficit) | $479.5M+250.2% | $136.9M |
| Series D Redeemable Convertible Preferred Stock | ||
| Redeemable convertible preferred stock | $4.8M | — |
| Series C Redeemable Convertible Preferred Stock | ||
| Series B-1 Redeemable Convertible Preferred Stock | ||
| Series B Redeemable Convertible Preferred Stock | ||
| Series A-1 Redeemable Convertible Preferred Stock | ||
| Series A 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.