XML 8 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 38,485 $ 30,432
Short-term investments 190,202 73,143
Accounts receivable, net 11,539 11,996
Inventories, net 20,373 13,320
Prepaid expenses and other current assets 9,427 4,032
Total current assets 270,026 132,923
Property and equipment, net 7,385 4,776
Operating lease right-of-use asset 7,024 6,645
Restricted cash 100 100
Deferred offering costs   5,051
Long-term investments 45,328  
Other long-term assets 183 150
Total assets 330,046 149,645
Current liabilities:    
Accounts payable 4,461 2,852
Accrued expenses and other current liabilities 17,605 15,828
Operating lease liabilities 1,980 1,529
Deferred revenue 1,342 939
Total current liabilities 25,388 21,148
Operating lease liabilities, net of current portion 5,707 5,726
Deferred revenue, net of current portion 2,986 1,860
Warrant liabilities   44,898
Other long-term liabilities 1,205  
Total liabilities 35,286 73,632
Commitments and contingencies (Note 17)
Convertible preferred stock (Series A, A-2, B, B-2, C, D and E), par value of $0.0001 per share; no and 34,966,547 shares authorized at September 30, 2025 and December 31, 2024, respectively; no and 17,228,954 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively; liquidation preference of $0 and $355,162 at September 30, 2025 and December 31, 2024, respectively   321,373
Stockholders' equity (deficit):    
Common stock 4
Preferred stock
Additional paid-in capital 650,873 51,311
Accumulated other comprehensive income 354 65
Accumulated deficit (356,471) (296,737)
Total stockholders' equity (deficit) 294,760 (245,360)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) 330,046 149,645
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 1
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock
Class C Common Stock    
Stockholders' equity (deficit):    
Common stock