The following is a reconciliation of the basic and diluted loss per share computations:


	Three-Months Ended
	March 31, 2025			March 31, 2024
(in thousands, except per share amounts)
Net loss	$	(13,859	)	$	(18,658	)
Weighted-average common shares—outstanding, basic and diluted		26,254			25,638
Net loss per common share, basic and diluted	$	(0.53	)	$	(0.73	)


	Three-Months Ended
	March 31, 2025		March 31, 2024
Anti-dilutive shares excluded from diluted net loss per common share:
Stock options		4,518,622		3,541,384
Restricted stock units		101,988		214,228
ESPP		79,735		83,545
Warrants		554,841		409,661

The Company’s basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding for the relevant period. In accordance with ASC 710-10, Compensation - General, 126,506 shares of Common stock held by the rabbi trust are excluded from the denominator in the basic and diluted net loss per common share calculations. For the purposes of the calculation of diluted net loss per share, options to purchase common stock, restricted stock units and unvested shares of Common Stock issued upon the early exercise of stock options have been excluded from the calculation of diluted net loss per share as their effect is anti-dilutive. Because the Company has reported a net loss for the three-months ended March 31, 2025 and 2024, diluted net loss per common share is the same as the basic net loss per share for those periods.