| Metric | FY2025 | FY2024 |
|---|---|---|
| Cash and cash equivalents | $96.4M+492.3% | $16.3M |
| Short-term investments | $11.1M | $0 |
| Other receivables | $431K+1.9% | $423K |
| Prepaid expenses and other current assets | $901K+26.0% | $715K |
| Total current assets | $108.8M+524.9% | $17.4M |
| Other non-current assets | $492K+8.6% | $453K |
| Property and equipment, net | $2.3M+7.9% | $2.2M |
| Deferred offering costs | $2.7M | $0 |
| Right-of-use asset | $1.6M-52.8% | $3.3M |
| Total assets | $115.9M+396.9% | $23.3M |
| Accounts payable | $2.7M+36.3% | $2.0M |
| Payroll-related accruals | $2.2M+70.2% | $1.3M |
| Other current liabilities | $3.7M+451.5% | $672K |
| Lease liability, current | $0-100.0% | $442K |
| Redeemable convertible preferred stock tranche liability | $0-100.0% | $3.4M |
| Total current liabilities | $8.6M+10.2% | $7.8M |
| Lease liability, non-current | $1.6M-54.2% | $3.5M |
| Total liabilities | $10.2M-9.6% | $11.2M |
| Redeemable convertible preferred stock, $.00001 par value; 116,618,581 shares authorized, 20,341,968 and 9,608,914 shares issued and outstanding as of December 31, 2025 and 2024, respectively (aggregate liquidation preference of $200,878 and $73,542 as of December 31, 2025 and 2024, respectively) | $204.5M+181.9% | $72.5M |
| Common stock, $.00001 par value; 154,383,336 shares authorized; 2,203,620 and 2,196,423 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $0 | $0 |
| Common stock additional paid-in capital | $5.9M+34.3% | $4.4M |
| Accumulated deficit | -$104.7M-61.5% | -$64.9M |
| Total stockholders' deficit | -$98.8M-63.4% | -$60.5M |
| Total liabilities, redeemable convertible preferred stock and stockholders' deficit | $115.9M+396.9% | $23.3M |
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.