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

The following table sets forth the computation of the Company’s basic and diluted net loss per share for the three and six months ended June 30, 2025 and 2024:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands, except share and per share amounts)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(1,573,669

)

 

$

(27,839

)

 

$

(1,606,155

)

 

$

(58,643

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding, basic and diluted

 

 

125,271,447

 

 

 

68,299,170

 

 

 

125,049,032

 

 

 

68,165,068

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(12.56

)

 

$

(0.41

)

 

$

(12.84

)

 

$

(0.86

)

 

Potential Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share

The Company’s potentially dilutive securities were stock options, unvested restricted stock, restricted stock units, and warrants. Based on the amounts outstanding as of June 30, 2025 and 2024, the Company excluded the following potential common shares from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect:

 

 

As of June 30,

 

 

 

2025

 

 

2024

 

Options to purchase common stock

 

 

94,640,388

 

 

 

9,365,552

 

Unvested restricted stock

 

 

 

 

 

5,150

 

Restricted stock units

 

 

1,909,136

 

 

 

1,643,576

 

Warrants

 

 

1,089,839,075