v3.25.1
Net Loss per Common Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Loss per Common Share

12. Net Loss per Common Share

 

The following table presents the calculation of basic and diluted net loss per common share (amounts in thousands, except per share amounts):

 

 

As of March 31,

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

Net loss

$

(92,225

)

 

$

(66,423

)

Denominator:

 

 

 

 

 

Weighted-average number of common shares used in net loss per common share - basic and diluted

 

125,452,525

 

 

 

122,956,835

 

Net loss per common share - basic and diluted

$

(0.74

)

 

$

(0.54

)

 

Shares outstanding presented below were excluded from the calculation of diluted net loss per share, prior to the use of the treasury stock method, as their effect is anti-dilutive (in thousands):

 

 

As of March 31,

 

 

2025

 

 

2024

 

Convertible notes

 

2,379

 

 

 

2,379

 

Stock options to purchase common stock

 

7,923

 

 

 

8,576

 

Unvested restricted stock units

 

4,672

 

 

 

4,587

 

Shares expected to be purchased under employee stock purchase plan

 

120

 

 

 

75

 

Total

 

15,094

 

 

 

15,617