v3.26.1
Net Loss Per Share
3 Months Ended
Mar. 31, 2026
Net Loss Per Share  
Net Loss Per Share

12.Net Loss Per Share

The Company’s potentially dilutive securities, which include stock options, RSUs, convertible senior notes, and the 2,000,000 shares of common stock to be issued to InnoCare, 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 shares from the computation of diluted net loss as of March 31, 2026 and 2025 because including them would have had an anti-dilutive effect:

March 31,

2026

2025

Options to purchase common stock

10,988,118

8,670,569

Unvested RSUs

667,600

Common stock to be issued to InnoCare

2,000,000

Shares of common stock underlying convertible senior notes outstanding1

7,547,160

1 Represents conversion rate, as of March 31, 2026, of 37.7358 shares of common stock per $1,000 principal amount of notes.