Net loss per share is calculated by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated similarly but includes potential dilution from the exercise of stock options and stock awards and conversion of redeemable convertible preferred stock, except when the effect would be anti-dilutive.


	Three Months Ended
	March 31,
	2026			2025
Net loss attributable to common stockholders	$	(17,740	)	$	(10,653	)

Share (denominator):
Weighted average number of common shares outstanding used in basic computation		918,935			821,160
Common shares issuable upon the exercise of stock options		—			—
Common shares issuable upon conversion of redeemable convertible preferred stock and warrants on redeemable convertible preferred stock		—			—
Weighted average number of common shares outstanding used in diluted computation		918,935			821,160

Net loss attributable to common stockholders, per common share
Basic	$	(19.30	)	$	(12.97	)
Diluted	$	(19.30	)	$	(12.97	)

The following table summarizes the as converted securities that were excluded from the diluted per share calculation because the effect of including these potential shares was anti-dilutive:


	Three Months Ended
	March 31,
	2026		2025
Series A redeemable convertible preferred stock		402,239		402,239
Series B redeemable convertible preferred stock		953,488		953,488
Series C redeemable convertible preferred stock		391,042		391,042
Series D redeemable convertible preferred stock		1,396,784		1,396,784
Series E redeemable convertible preferred stock		8,597,145		8,597,145
Series F redeemable convertible preferred stock		7,091,256		3,545,628
Warrants on redeemable convertible preferred stock		364,390		364,390
Convertible notes payable		3,333,324		—
Common shares issuable upon the exercise of stock options		4,382,879		3,196,660
Potentially dilutive securities		26,912,547		18,847,376

In connection with the IPO, on May 1, 2026, the Company effected a 1-for-3.483 reverse stock split. All share and per share amounts for all periods presented have been retroactively adjusted to reflect this reverse stock split.