| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Research and development | $58.9M+120.3% | $26.7M+173.6% | $9.8M | — | — |
| General and administrative | $80.4M+208.3% | $26.1M+194.0% | $8.9M | — | — |
| Total operating expenses | $139.3M+163.8% | $52.8M+183.3% | $18.6M | — | — |
| Loss from operations | -$139.3M-163.8% | -$52.8M-183.3% | -$18.6M-929.9% | -$1.8M-53.4% | -$1.2M |
| Change in fair value of simple agreements for future equity | $0+100.0% | -$27.9M-103.1% | -$13.7M | — | — |
| Interest and dividend income, net | $29.1M+276.4% | $7.7M+4195.6% | $180K | — | — |
| Total other income (loss) | $29.1M+244.6% | -$20.1M-48.7% | -$13.5M-287.8% | $7.2M+5646.1% | $125K |
| Loss before income taxes | -$110.2M-51.1% | -$72.9M-126.7% | -$32.2M-695.8% | $5.4M+612.2% | -$1.1M |
| Income tax benefit (expense) | $4.5M+763.1% | -$683K | $0+100.0% | -$1.5M-60924.7% | -$2K |
| Net loss | -$105.7M-43.5% | -$73.6M-128.8% | -$32.2M-919.5% | $3.9M+471.5% | -$1.1M |
| Basic - Class A common stock (in dollars per share) | -$720.00+2.7% | -$740.00-57.4% | -$470.00-783433.3% | $0.06+300.0% | -$0.03 |
| Diluted - Class A common stock (in dollars per share) | -$720.00+2.7% | -$740.00-57.4% | -$470.00-783433.3% | $0.06+300.0% | -$0.03 |
| Weighted-average common shares outstanding - basic - Class A common stock (in shares) | 146.35B+48.0% | 98.91B+43.6% | 68.89B+137684.0% | 50.0M+75.6% | 28.5M |
| Weighted-average common shares outstanding - diluted - Class A common stock (in shares) | 146.35B+48.0% | 98.91B+43.6% | 68.89B+137684.0% | 50.0M+75.6% | 28.5M |
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.