v3.26.1
Net Loss per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted net loss per common, Series A, and Series B share (net loss in thousands):
Three Months Ended March 31,
2026As Revised
2025
Numerator:
Net loss
$(94,391)$(73,238)
Denominator:
Weighted average common shares outstanding
22,959,235 22,091,314 
Pre-funded warrants
3,605,790 3,605,790 
Weighted average earned PSUs
97,600 18,333 
Series A preferred stock
1,969,797 1,969,797 
Series B preferred stock
400,000 400,000 
Basic and diluted weighted average number of shares outstanding
29,032,422 28,085,234 
Basic and diluted net loss per common, Series A preferred, and Series B preferred share$(3.25)$(2.61)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table summarizes outstanding securities not included in the computation of diluted net loss per common share, as their inclusion would be anti-dilutive:
Outstanding at March 31,
20262025
Common stock options1,018,3451,526,018
Restricted stock units960,898694,995
Unearned performance-based restricted stock units
333,748292,970
Warrants19,45419,454
Schedule of Error Corrections and Prior Period Adjustments
The following tables summarize the impact of the revision on both the weighted average shares outstanding and net loss per share calculations for each of the relevant periods:
Weighted Average Shares Outstanding
Net Loss per Share
Period Impacted
As Reported
As Revised
As Reported
As Revised
Year-ended 12/31/2025
22,434,310 28,409,706 $(12.85)$(10.15)
Year-ended 12/31/2024
21,272,962 26,908,070 $(21.90)$(17.31)
Year-ended 12/31/2023
18,687,774 21,562,581 $(19.99)$(17.33)
Three months ended 3/31/25
22,091,314 28,085,234 $(3.32)$(2.61)
Three months ended 6/30/25
22,207,017 28,232,604 $(1.90)$(1.50)
Six months ended 6/30/25
22,149,492 28,159,333 $(5.22)$(4.10)
Three months ended 9/30/25
22,482,502 28,508,089 $(5.08)$(4.01)
Nine months ended 9/30/25
22,261,718 28,276,865 $(10.32)$(8.12)