v3.26.1
Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Loss Per Share

The following table summarizes the computation of basic and diluted net loss per share:

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands, except per share amounts)

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(236,928

)

 

$

(243,787

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

163,391

 

 

 

159,377

 

Net loss per share, basic and diluted

 

$

(1.45

)

 

$

(1.53

)

 

Summary of Outstanding Potentially Dilutive Common Stock Equivalents were Excluded from Computation of Diluted Net Loss Per Share

The following outstanding potentially dilutive common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Common stock options and restricted stock units

 

 

24,551

 

 

 

15,814

 

Early exercised stock options subject to future vesting

 

 

5

 

 

 

33

 

Unvested restricted stock awards

 

 

71

 

 

 

371

 

Employee stock purchase plan

 

 

45

 

 

 

10

 

Term loan conversion election

 

 

7,941

 

 

 

 

Total

 

 

32,613

 

 

 

16,228