v3.25.2
Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Loss Per Share

The following table summarizes the computation of basic and diluted net loss per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands, except per share amounts)

 

 

(in thousands, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(52,731

)

 

$

(58,700

)

 

$

(120,723

)

 

$

(112,421

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

161,691

 

 

 

158,984

 

 

 

161,572

 

 

 

158,464

 

Net loss per share, basic and diluted

 

$

(0.33

)

 

$

(0.37

)

 

$

(0.75

)

 

$

(0.71

)

Summary of Outstanding Potentially Dilutive Common Stock Equivalents were Excluded from Computation of Diluted Net Loss Per Share

The following outstanding potentially dilutive common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:

 

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Common stock options and restricted stock units

 

 

24,559

 

 

 

16,642

 

Early exercised stock options subject to future vesting

 

 

19

 

 

 

48

 

Unvested restricted stock awards

 

 

98

 

 

 

630

 

Employee stock purchase plan

 

 

57

 

 

 

 

Term loan conversion election

 

 

11,397

 

 

 

 

Total

 

 

36,130

 

 

 

17,320