Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders

Basic net income (loss) per share attributable to common stockholders was computed by dividing net income (loss) by the weighted-average common shares outstanding for the period (in thousands, except share and per share data). Diluted net income (loss) per share attributable to common stockholders was computed by dividing net income (loss) by the weighted-average common shares outstanding and potentially dilutive shares for the period (in thousands, except share and per share data):


		THREE MONTHS ENDED JUNE 30,								SIX MONTHS ENDED JUNE 30,
Numerator:		2025				2024				2025				2024
Net income (loss)		$	(4,796	)		$	(22,237	)		$	2,583			$	(30,458	)
Denominator:
Weighted-average shares of common stock outstanding, basic			51,489,929				29,878,210				50,988,887				29,537,874
Net income (loss) per share, basic		$	(0.09	)		$	(0.74	)		$	0.05			$	(1.03	)
Add potentially dilutive shares:
Dilutive effect of outstanding stock options (as converted to common stock)			—				—				2,253,771				—
Dilutive effect of outstanding warrants for common stock			—				—				126,924				—
Weighted-average shares of common stock outstanding, diluted			51,489,929				29,878,210				53,369,582				29,537,874
Net income (loss) per share, diluted		$	(0.09	)		$	(0.74	)		$	0.05			$	(1.03	)

Schedule of Potential Shares of Common Stock Excluded from Computation of Diluted Net Income (Loss) Per Share

The Company excluded the following potential shares of common stock from the computation of diluted net income (loss) per share because including them would have had an anti-dilutive effect.


		AS OF JUNE 30,
		2025				2024
Outstanding warrants for common stock			7,507,708				7,507,708
Outstanding stock options (as converted to common stock)			6,135,068				4,676,338
Unvested restricted stock			—				1,603,462
			13,642,776				13,787,508