Net Loss Per Share

3 Months Ended

Mar. 31, 2026

The following table sets forth the computation of basic and diluted net loss per share and excludes shares which are outstanding, but subject to repurchase by us:


	Three Months Ended March 31,
	2026		2025
Net loss (in thousands)	$	(320,622)	$	(140,718)
Weighted-average shares outstanding used in computing net loss per share, basic and diluted (1)	139,506,680		135,690,949
Net loss per share, basic and diluted	$	(2.30)	$	(1.04)

The following potentially dilutive securities were excluded from the computation of diluted net loss per share for the period presented because including them would have been antidilutive:


	As of March 31,
	2026	2025
Stock options	12,174,929	10,696,652
Restricted stock units	3,003,545	1,918,066
Employee stock purchase plan	334,185	114,206
Total potentially dilutive securities outstanding	15,512,659	12,728,924