v3.25.2
NET LOSS PER SHARE
6 Months Ended
Jun. 30, 2025
NET LOSS PER SHARE  
NET LOSS PER SHARE

NOTE 6  NET LOSS PER SHARE

Basic net loss per common share is calculated by dividing the net loss by the weighted-average number of common shares outstanding during the period, without consideration of potentially dilutive securities. Diluted net loss per share is computed by dividing the net loss by the weighted-average number of common shares and potentially dilutive securities outstanding for the period. For purposes of the diluted net loss per share calculation, common stock options and unvested restricted stock units are considered to be potentially dilutive securities. The Company’s participating securities do not have a contractual obligation to share in the Company’s losses. As such, the net loss was attributed entirely to common stockholders. As the Company has reported a net loss for all periods presented, diluted net loss per common share is the same as basic net loss per common share for those periods.

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share data):

Three months ended June 30, 

Six Months Ended June 30, 

    

2025

   

2024

    

2025

    

2024

Numerator

Net loss

$

(36,115)

$

(31,497)

$

(76,913)

 

$

(60,022)

Denominator

 

 

 

 

Weighted-average shares outstanding used in computing net loss per share, basic and diluted

104,940,493

93,515,356

100,062,373

90,541,332

Net loss per share, basic and diluted

$

(0.34)

$

(0.34)

$

(0.77)

$

(0.66)

The following weighted average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive:

Three months ended June 30, 

Six Months Ended June 30, 

    

2025

   

2024

   

2025

    

2024

Options to purchase common stock

16,825,819

15,656,198

16,809,703

15,735,754

Unvested restricted stock units

633,509

113,796

651,722

142,800

Total

17,459,328

15,769,994

17,461,425

15,878,554