v3.25.2
Redeemable Convertible Preferred Stock, Redeemable Common Stock, and Stockholders Equity (Deficit) (Q2) (Details) - USD ($)
$ / shares in Units, $ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Temporary Equity [Line Items]      
Shares authorized (in shares)   206,169,000 176,646,000
Shares issued (in shares) 0 184,635,000 154,678,000
Shares outstanding (in shares) 0 184,635,000 154,678,000
Carrying value   $ 1,722,111 $ 464,690
Aggregate Liquidation Preference   $ 1,618,059 $ 429,695
Series Seed      
Temporary Equity [Line Items]      
Shares authorized (in shares)   60,000,000 60,000,000
Shares issued (in shares)   45,567,000 48,896,000
Shares outstanding (in shares)   45,567,000 48,896,000
Issuance price (in dollars per share)   $ 0.05 $ 0.05
Carrying value   $ 2,039 $ 2,205
Aggregate Liquidation Preference   $ 2,039 $ 2,205
Series A      
Temporary Equity [Line Items]      
Shares authorized (in shares)   24,182,000 24,182,000
Shares issued (in shares)   19,361,000 19,879,000
Shares outstanding (in shares)   19,361,000 19,879,000
Issuance price (in dollars per share)   $ 0.12 $ 0.12
Carrying value   $ 2,256 $ 2,316
Aggregate Liquidation Preference   $ 2,256 $ 2,316
Series B      
Temporary Equity [Line Items]      
Shares authorized (in shares)   79,979,000 79,979,000
Shares issued (in shares)   79,979,000 75,496,000
Shares outstanding (in shares)   79,979,000 75,496,000
Issuance price (in dollars per share)   $ 5.58 $ 5.58
Carrying value   $ 550,595 $ 455,996
Aggregate Liquidation Preference   $ 446,002 $ 421,001
Series B-1      
Temporary Equity [Line Items]      
Shares authorized (in shares)   12,485,000 12,485,000
Shares issued (in shares)   10,205,000 10,407,000
Shares outstanding (in shares)   10,205,000 10,407,000
Issuance price (in dollars per share)   $ 0.4 $ 0.4
Carrying value   $ 4,091 $ 4,173
Aggregate Liquidation Preference   $ 4,091 $ 4,173
Series C      
Temporary Equity [Line Items]      
Shares authorized (in shares)   29,523,000  
Shares issued (in shares)   29,523,000  
Shares outstanding (in shares)   29,523,000  
Issuance price (in dollars per share)   $ 38.95  
Carrying value   $ 1,163,130  
Aggregate Liquidation Preference   $ 1,163,671