v3.26.1
Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Anti-dilutive Equity Instruments Excluded from Calculation of Diluted Net Loss Per Share

The following equity instruments were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Awards under equity incentive plan

 

 

12,873,658

 

 

 

13,086,997

 

Non-vested restricted shares and restricted stock units

 

 

6,800,000

 

 

 

4,195,000

 

Warrants to purchase common stock(*)

 

 

77,793

 

 

 

77,793

 

Total

 

 

19,751,451

 

 

 

17,359,790

 

* Pre-funded warrants are excluded herein.

Reconciles Basic Earnings Per Share and Diluted Earnings Per Share of Common Stock

The following table calculates basic earnings per share of common stock and diluted earnings per share of common stock for the three months ended March 31, 2026 and 2025 (in thousands, except share and per share amounts):

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Net loss

 

$

(37,284

)

 

$

(26,639

)

Net loss attributable to common
   stockholders

 

 

(37,284

)

 

 

(26,639

)

Undistributed earnings and net loss
   attributable to common stockholders,
   basic and diluted

 

 

(37,284

)

 

 

(26,639

)

Weighted-average common shares
   outstanding, basic and diluted

 

 

253,280,551

 

 

 

216,146,934

 

Basic and diluted net loss per share

 

$

(0.15

)

 

$

(0.12

)