| Metric | FY2025 | FY2024 |
|---|---|---|
| Cash and cash equivalents | $58.5M+54.7% | $37.8M |
| Marketable securities, current | $177.4M+61.7% | $109.8M |
| Prepaid expenses and other current assets | $5.5M+60.3% | $3.5M |
| Total current assets | $241.4M+59.9% | $151.0M |
| Property and equipment, net | $2.2M-9.8% | $2.5M |
| Marketable securities, noncurrent | $74.4M+262.9% | $20.5M |
| Restricted cash | $963K+0.1% | $962K |
| Operating lease right-of-use asset | $6.9M-11.6% | $7.8M |
| Other assets | $0-100.0% | $3.0M |
| Total assets | $326.0M+75.5% | $185.8M |
| Accounts payable | $769K-35.2% | $1.2M |
| Accrued expenses | $9.7M+18.5% | $8.2M |
| Operating lease liability, current | $1.3M+18.4% | $1.1M |
| Other current liabilities | $6K | $0 |
| Total current liabilities | $11.7M+12.4% | $10.4M |
| Operating lease liability, noncurrent | $7.4M-14.6% | $8.7M |
| Total liabilities | $19.1M+0.1% | $19.1M |
| Convertible preferred stock, value | $0-100.0% | $181.3M |
| Preferred stock, $0.001 par value, 10,000,000 and no shares authorized as of December 31, 2025 and December 31, 2024, respectively; no shares issued or outstanding as of December 31, 2025 and December 31, 2024 | $0 | $0 |
| Common stock, $0.001 par value, 500,000,000 and 55,200,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 44,723,585 and 4,798,721 shares issued, 44,723,585 and 4,722,763 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | 45K+800.0% | 5K |
| Additional paid-in capital | $562.6M+3209.4% | $17.0M |
| Accumulated other comprehensive income | $540K+46.7% | $368K |
| Accumulated deficit | -$256.4M-41.6% | -$181.1M |
| Total stockholders’ equity (deficit) | $306.8M+287.4% | -$163.7M |
| Total liabilities, convertible preferred stock and stockholders’ equity (deficit) | $326.0M+75.5% | $185.8M |
| Series Seed Preferred Stock | ||
| Series A Preferred Stock | ||
| Series B Preferred Stock | ||
| Series C 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.