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

Note 13. Net loss per share

 

The following table summarizes the computation of basic and diluted net loss per share of the Company (in thousands, except share and per share data):

 

 

 

 

 

Three Months Ended March 31,

 

 

 

 

 

 

 

 

2026

 

 

2025

 

Net loss

 

 

 

 

 

 

$

(183,440

)

 

$

(30,966

)

Weighted-average shares of common stock used in computing net loss per share, basic and diluted

 

 

 

 

 

 

 

304,317,460

 

 

 

283,260,289

 

Net loss per share, basic and diluted

 

 

 

 

 

 

$

(0.60

)

 

$

(0.11

)

 

 

The Company’s potentially dilutive securities, which include options to purchase common stock and shares purchasable under the ESPP, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares, presented as amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

March 31,

 

 

 

March 31,

 

 

 

2026

 

 

 

2025

 

Options to purchase common stock

 

 

58,411,166

 

 

 

 

47,246,618

 

Estimated shares purchasable under the ESPP

 

 

1,341,643

 

 

 

 

558,829

 

Total potentially dilutive shares

 

 

59,752,809

 

 

 

 

47,805,447