v3.25.4
Organization, Liquidity and Management's Plan, and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss per Common Share

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

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Historical net loss per share

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

Net loss

 

$

(359,639

)

 

$

(109,963

)

 

$

(85,895

)

Denominator

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

112,788,146

 

 

 

109,220,217

 

 

 

94,530,086

 

Less: Weighted-average shares subject to repurchase

 

 

(120,843

)

 

 

(183,095

)

 

 

(183,095

)

Denominator for basic and diluted net loss per share

 

 

112,667,303

 

 

 

109,037,122

 

 

 

94,346,991

 

Basic and diluted net loss per share

 

$

(3.19

)

 

$

(1.01

)

 

$

(0.91

)

 

Schedule of Potentially Dilutive Securities Not Included in Calculation of Diluted Net Loss per Share

Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows (in common equivalent shares):

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Restricted stock units

 

 

2,113,636

 

 

 

2,537,352

 

 

 

2,855,656

 

Common stock subject to repurchase

 

 

120,843

 

 

 

183,095

 

 

 

183,095

 

Common stock options

 

 

5,114,754

 

 

 

4,734,460

 

 

 

5,248,682

 

 

 

 

7,349,233

 

 

 

7,454,907

 

 

 

8,287,433