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v3.26.1

Convertible Preferred Stock (Tables) | 3 Months Ended
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Mar. 31, 2026
Equity [Abstract] |
Schedule of Preferred Stock | The preferred stock consisted of the following:
|  |  |  |  |  |  | March 31, 2026 |
|  | Preferred shares authorized |  |  | Preferred shares issued and outstanding |  |  | Carrying value |  |  | Liquidation preference |  |  | Common stock issuable upon conversion |
Series A-1 convertible preferred stock |  |  | 30,000,000 |  |  |  | 30,000,000 |  |  | $ | 294,357,583 |  |  | $ | 300,000,000 |  |  |  | 30,000,000 |
Series A-2 voting convertible preferred stock * |  |  | 4,968,789 |  |  |  | 4,968,789 |  |  |  | 84,500,659 |  |  |  | 49,687,890 |  |  |  | 9,477,719 |
Series A-2 nonvoting convertible preferred stock * |  |  | 708,814 |  |  |  | 708,814 |  |  |  | 11,447,346 |  |  |  | 7,088,140 |  |  |  | 2,034,133 |
Total Series A-2 convertible preferred stock * |  |  | 5,677,603 |  |  |  | 5,677,603 |  |  |  | 95,948,005 |  |  |  | 56,776,030 |  |  |  | 11,511,852 |
Series B convertible preferred stock |  |  | 43,084,539 |  |  |  | 43,084,539 |  |  |  | 602,057,535 |  |  |  | 603,183,546 |  |  |  | 43,084,539 |
Total |  |  | 78,762,142 |  |  |  | 78,762,142 |  |  | $ | 992,363,123 |  |  | $ | 959,959,576 |  |  |  | 84,596,391 |
|  |  |  |  |  |  | December 31, 2025 |
|  | Preferred shares authorized |  |  | Preferred shares issued and outstanding |  |  | Carrying value |  |  | Liquidation preference |  |  | Common stock issuable upon conversion |
Series A-1 convertible preferred stock |  |  | 30,000,000 |  |  |  | 30,000,000 |  |  | $ | 294,357,583 |  |  | $ | 300,000,000 |  |  |  | 30,000,000 |
Series A-2 voting convertible preferred stock * |  |  | 4,968,789 |  |  |  | 4,968,789 |  |  |  | 84,500,659 |  |  |  | 49,687,890 |  |  |  | 9,477,719 |
Series A-2 nonvoting convertible preferred stock * |  |  | 708,814 |  |  |  | 708,814 |  |  |  | 11,447,346 |  |  |  | 7,088,140 |  |  |  | 2,034,133 |
Total Series A-2 convertible preferred stock * |  |  | 5,677,603 |  |  |  | 5,677,603 |  |  |  | 95,948,005 |  |  |  | 56,776,030 |  |  |  | 11,511,852 |
Series B convertible preferred stock |  |  | 43,084,539 |  |  |  | 43,084,539 |  |  |  | 602,057,535 |  |  |  | 603,183,546 |  |  |  | 43,084,539 |
Total |  |  | 78,762,142 |  |  |  | 78,762,142 |  |  | $ | 992,363,123 |  |  | $ | 959,959,576 |  |  |  | 84,596,391 |
* No deemed liquidation events occurred prior to November 15, 2025.

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- Definition Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479857/480-10-S50-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479887/480-10-S45-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (01) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1 + Details
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