Basic and diluted net loss per share attributable to ordinary shareholders was calculated as follows (in thousands, except share and per share amounts):


	Year Ended December 31,
	2025		2024
Numerator
Net loss	$	(287,528)	$	(220,662)
Net Loss Attributable to Ordinary Shareholders - Basic and Diluted	$	(287,528)	$	(220,662)

Denominator
Weighted-average number of ordinary shares used in net loss per share - basic and diluted	266,138,224		255,161,038
Net Loss Per Share - Basic and Diluted	$	(1.08)	$	(0.86)

For all periods presented, outstanding but unvested RSUs, share options and warrants have been excluded from the calculation, because their effects would be anti-dilutive. Therefore, the weighted average number of ordinary shares used to calculate both basic and diluted loss per share are the same for all periods presented.

The following potentially dilutive securities have been excluded from the calculation of diluted net loss per share due to their anti-dilutive effect:


	December 31,
	2025	2024
Unvested restricted stock units	92,500	32,412
Outstanding share options	31,130,935	20,754,316
Warrants	3,265,306	3,265,306
Total	34,488,741	24,052,034