The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data):


	Year Ended December 31,
	2025			2024			2023
Numerator:
Net loss	$	(229,967	)	$	(176,207	)	$	(260,491	)
Denominator:
Weighted-average shares outstanding used in computing net loss per share, basic and diluted		53,208,311			52,583,148			52,414,256
Net loss per share, basic and diluted	$	(4.32	)	$	(3.35	)	$	(4.97	)

The following common share equivalents were excluded from the computation of diluted net loss per common share for the periods presented because their inclusion would have been antidilutive:


	Year Ended December 31,
	2025		2024		2023
Outstanding stock options		22,223,236		19,873,073		17,601,466
Unvested restricted shares		120,820		121,660		164,817
ESPP		38,203		44,547		70,761
Total		22,382,259		20,039,280		17,837,044