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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity

A summary of stock option activity for the nine months ended September 30, 2025 is as follows:

 

 

Options

 

 

Weighted
Average
 Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Term (years)

 

 

Aggregate
Intrinsic
Value (in thousands)

 

Outstanding as of December 31, 2024

 

 

598,540

 

 

$

7.08

 

 

 

9.00

 

 

$

 

Granted

 

 

10,800,137

 

 

$

0.61

 

 

 

 

 

$

 

Cancelled/forfeited/expired

 

 

(125,814

)

 

$

4.50

 

 

 

 

 

$

 

Outstanding as of September 30, 2025

 

 

11,272,863

 

 

$

0.91

 

 

 

9.76

 

 

$

1,103

 

Vested and expected to vest at September 30, 2025

 

 

10,073,271

 

 

$

0.94

 

 

 

9.75

 

 

$

980

 

Exercisable at September 30, 2025

 

 

692,781

 

 

$

5.15

 

 

 

8.99

 

 

$

33

 

Summary of Restricted Stock Unit Activity

A summary of restricted stock unit activity for the nine months ended September 30, 2025 is as follows:

 

 

Shares

 

 

Weighted
Average
 Grant Date Fair Value

 

Unvested as of December 31, 2024

 

 

 

 

$

 

Granted

 

 

2,823,857

 

 

$

0.57

 

Vested

 

 

 

 

$

 

Cancelled/forfeited

 

 

 

 

$

 

Unvested as of September 30, 2025

 

 

2,823,857

 

 

$

0.57