v3.26.1
Net Loss Per Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share
3.
Net Loss Per Share

Basic net loss per share of common stock is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during each period, without consideration for potential dilutive shares of common stock. Diluted net loss per share of common stock is computed by dividing the net loss by the weighted-average number of common share equivalents outstanding for the period determined using the treasury-stock method and if-converted method, as applicable. In periods in which the Company reports a net loss, diluted net loss per share will be the same as basic net loss per share since dilutive shares are not assumed to have been issued if their effect is antidilutive. As a result, for the periods in which the Company experienced a net loss, the weighted-average shares used to calculate both basic and diluted net loss per share are the same.

The following table sets forth the computation of basic and diluted net loss per share to common stockholders:

 

 

Three Months Ended March 31,

 

(in thousands, except share and per share data)

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(1,750

)

 

$

(7,001

)

 

 

 

Denominator:

 

 

Weighted-average shares of common stock outstanding – basic and diluted

 

72,578,839

 

 

61,657,718

 

 

 

 

 

 

 

 

Net loss per share of common stock – basic

 

$

(0.02

)

 

$

(0.11

)

Net loss per share of common stock – diluted

 

$

(0.02

)

 

$

(0.11

)

The Company excluded the effect of the below elements from our calculation of diluted loss per share, as their inclusion would have been anti-dilutive. These amounts represent the number of instruments outstanding at the end of the period.

 

 

 

As of March 31,

 

 

 

2026

 

 

2025

 

Outstanding stock options, performance stock units and restricted stock units

 

 

624,877

 

 

 

4,759,548

 

Convertible promissory note

 

 

 

 

 

5,305,861

 

 

 

 

624,877

 

 

 

10,065,409