Net Loss Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2026

Net Loss Per Share Attributable to Common Stockholders

12. Net Loss Per Share Attributable to Common Stockholders

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):


	Three Months Ended March 31,
	2026			2025
Numerator:
Net loss attributable to common stockholders	$	(98,539	)	$	(72,178	)
Denominator:
Weighted-average common shares outstanding, basic and diluted(1)		88,699,754			88,356,335
Net loss per share attributable to common stockholders, basic and diluted	$	(1.11	)	$	(0.82	)

(1) The shares underlying the pre-funded warrants to purchase shares of the Company’s common stock have been included in the

calculation of the weighted-average number of shares outstanding, basic and diluted, for the three months ended March 31, 2026.

The following table summarizes potential shares of common stock that were excluded from the computation of diluted net loss per share due to their anti-dilutive effect on those periods:


	Three Months Ended March 31,
	2026		2025
Options to purchase common stock		14,825,324		10,220,556