Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2025

The following table presents the calculations for the years ended December 31, 2025, 2024 and 2023 of basic and diluted net loss per share for the Company’s common stock (in thousands, except per share amounts):


	2025		2024		2023
Numerator
Net loss	$	(101,339)	$	(101,007)	$	(95,960)
Numerator for basic and diluted EPS - loss attributable to common stockholders	$	(101,339)	$	(101,007)	$	(95,960)
Denominator
Common stock	197,765		143,196		141,300
Denominator for basic and diluted EPS - weighted-average common stock	197,765		143,196		141,300
Basic and diluted net loss per share	$	(0.51)	$	(0.71)	$	(0.68)

Potential Dilutive Shares Excluded from Diluted Net Loss Per Share

The following potential dilutive shares were excluded from the calculation of diluted net loss per share because their effect would be anti-dilutive for the years ended December 31, 2025, 2024 and 2023:


	2025	2024	2023
Outstanding options to purchase common stock	19,129,950	20,803,142	22,511,900
Outstanding restricted stock units	11,118,391	7,179,009	847,169
Outstanding warrants	3,968,317	3,968,319	3,968,319
	34,216,658	31,950,470	27,327,388