v3.25.4
Net Loss per Share
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Loss per Share

14. Net loss per share

Basic net loss per share is computed by dividing net loss by number of shares of common stock outstanding for the period. Because the Company has reported a net loss for the year ended December 31, 2025, 2024, and 2023, the number of shares used to calculate diluted net loss per share is the same as the number of shares used to calculate basic net loss per share for the period presented because the potentially dilutive shares would have been antidilutive if included in the calculation.

 

 

 

Year ended December 31,

 

(in thousands)

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss per share available to shareholders

 

$

(19,342

)

 

$

(27,030

)

 

$

(64,671

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

80,296

 

 

 

77,600

 

 

 

75,143

 

Net loss per share

 

$

(0.24

)

 

$

(0.35

)

 

$

(0.86

)

 

The following potentially dilutive securities outstanding have been excluded from the computation of basic weighted-average shares outstanding because such securities have been an antidilutive impact due to losses reported:

 

 

 

Year ended December 31,

 

(in thousands)

 

2025

 

 

2024

 

 

2023

 

Stock options outstanding

 

 

3,066

 

 

 

4,684

 

 

 

5,109

 

Restricted stock units

 

 

6,329

 

 

 

6,140

 

 

 

6,725

 

Acquisition related compensation

 

 

0

 

 

 

0

 

 

 

42

 

Convertible debt

 

 

9,431

 

 

 

10,239

 

 

 

4,719

 

Total potentially dilutive securities

 

 

18,826

 

 

 

21,063

 

 

 

16,595