v3.25.4
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 141,250,000 0
Common Stock, shares issued 55,359,250 0
Common Stock, shares outstanding 55,359,250 0
Preferred Stock    
Preferred Stock, par value $ 0.001 $ 0.001
Preferred Stock, shares authorized 50,000,000 200,000,000
Series A Convertible Preferred Stock    
Preferred Stock, par value $ 0.001 $ 0.001
Preferred Stock, shares authorized 0 200,000
Preferred Stock, shares issued 0 200,000
Preferred Stock, shares outstanding 0 200,000
Preferred Stock, liquidation preference, value $ 0 $ 203,400
Class A Common stock    
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 31,250,000 350,000,000
Common Stock, shares issued 0 21,970,817
Common Stock, shares outstanding 0 21,970,817
Class T Common stock    
Common Stock, par value   $ 0.001
Common Stock, shares authorized 2,500,000 350,000,000
Common Stock, shares issued 0 2,038,466
Common Stock, shares outstanding 0 2,038,466