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FY2025
12 months to Dec 31, 2025
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FY2024
12 months to Dec 31, 2024
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|---|---|---|
| Operating activities: | ||
| Net Income Loss | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | ||
| Stock-based compensation | ||
| Change in fair value of SAFEs (including related party amounts of $0 and $2,911, respectively) | ||
| Accretion of discounts and amortization of premiums on investments, net | ||
| Changes in operating assets and liabilities: | ||
| Accounts receivable (including related party amounts of $0 and $569, respectively) | ||
| Other receivables (including related party amounts of $(61) and $607, respectively) | ||
| Prepaid expenses and other current assets | ||
| Other long-term assets | ||
| Accounts payable (including related party amounts of $ (276) and $76, respectively) | ||
| Accrued expenses (including related party amounts of $(735) and $(1,447), respectively) | ||
| Operating lease right-of-use asset and lease liabilities, net | ||
| Net cash used in operating activities | ||
| Investing activities: | ||
| Purchases of property and equipment | ||
| Purchases of short-term investments | ||
| Maturities of short-term investments | ||
| Purchases of investments | ||
| Maturities of investments | ||
| Net cash provided by (used in) investing activities | ||
| Financing activities: | ||
| Proceeds from issuance of common stock, net of commissions | ||
| Proceeds from exercise of stock options | ||
| Proceeds from purchase of ESPP shares | ||
| Payments to taxing authorities related to net-settlement of vested restricted stock units | ||
| Payments on finance leases | ||
| Cash paid in connection with IPO offering costs | ||
| Net cash provided by financing activities | ||
| Net decrease in cash, cash equivalents and restricted cash | ||
| Cash, cash equivalents and restricted cash at beginning of period | ||
| Cash, cash equivalents and restricted cash at end of period | ||
| Income taxes | ||
| Supplemental disclosures of noncash activities: | ||
| Right-of-use asset obtained in exchange for new operating lease liability | ||
| Reduction in operating lease liabilities and right-of-use-assets from remeasurement | ||
| Property and equipment purchases in accounts payable and accrued liabilities | ||
| Conversion of SAFE notes to common stock | ||
| Conversion of preferred stock to common stock | ||
| Non-cash additions to financing leases | ||
| Reconciliation of cash, cash equivalents and restricted cash to the balance sheet: | ||
| Cash and cash equivalents | ||
| Restricted cash |
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