| Net Loss Per Share |
Basic and diluted net loss per share attributable to common stockholders is calculated as follows (in thousands except share and per share amounts):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
Numerator: |
|
|
|
|
|
|
Net loss attributable to common stockholders |
|
$ |
(23,059 |
) |
|
$ |
(25,039 |
) |
Denominator: |
|
|
|
|
|
|
Weighted-average common shares outstanding |
|
|
37,628,181 |
|
|
|
37,387,580 |
|
Less: Weighted-average unvested shares of common stock |
|
|
(47,087 |
) |
|
|
(368,553 |
) |
Weighted-average common shares outstanding—basic and diluted |
|
|
37,581,094 |
|
|
|
37,019,027 |
|
Net loss per share attributable to common stockholders—basic and diluted |
|
$ |
(0.61 |
) |
|
$ |
(0.68 |
) |
The following outstanding potentially dilutive securities have been excluded from the calculation of diluted net loss per share, as their effect would have been anti-dilutive:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2026 |
|
|
2025 |
|
Options to purchase common stock |
|
|
3,714,546 |
|
|
|
3,333,937 |
|
Restricted stock units |
|
|
2,202,441 |
|
|
|
429,072 |
|
Restricted stock subject to future vesting |
|
|
37,078 |
|
|
|
314,659 |
|
Employee stock purchase plan |
|
|
64,732 |
|
|
|
— |
|
Total |
|
|
6,018,797 |
|
|
|
4,077,668 |
|
|