v3.26.1
Net Loss per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss per Share Net Loss per Share
The following table sets forth the computation of basic and diluted net loss per share:

Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Net loss $(215,700)$(565,708)$(405,124)$(628,621)
Basic and diluted weighted average number of shares of common stock outstanding778,184,568 742,615,007 776,824,812 740,358,044 
Basic net loss per share $(0.28)$(0.76)$(0.52)$(0.85)
Diluted net loss per share $(0.28)$(0.76)$(0.52)$(0.85)

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Diluted net loss per share is computed by dividing the diluted net loss by the weighted-average number of common shares outstanding for the period, including potentially dilutive common shares. Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods, as the inclusion of all potential common share equivalents outstanding would have been anti-dilutive.

The following potentially dilutive securities were excluded from the computation of the diluted net loss per share of common stock for the periods presented because their effect would have been anti-dilutive:

June 30,
20262025
Options to purchase common stock118,267,815114,506,229
Restricted stock units
730,000— 
Shares expected to be purchased under employee stock purchase plan113,41966,324
Total119,111,234114,572,553

Stock options that are outstanding and contain improbable vesting criteria are excluded from the presentation of common stock equivalents outstanding in the table above.