v3.26.1
Net loss per share
6 Months Ended
Jun. 30, 2026
Net loss per share  
Net loss per share

11. Net loss per share

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share amounts):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Numerator:

Net loss

$

(50,333)

$

(78,952)

$

(111,158)

$

(139,706)

Denominator:

 

  ​

 

  ​

 

  ​

 

  ​

Weighted average ordinary shares outstanding, basic and diluted

 

69,804,828

 

69,252,009

 

69,744,485

 

69,224,629

Net loss per share, basic and diluted

$

(0.72)

$

(1.14)

$

(1.59)

$

(2.02)

The Company’s potentially dilutive securities, which are options to purchase ordinary shares and RSUs, 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 ordinary shares outstanding, which includes both ordinary shares and non-voting ordinary shares, used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potentially dilutive ordinary shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

RSUs

 

2,667,305

 

1,891,546

Options to purchase ordinary shares

 

10,745,868

 

10,272,925

 

13,413,173

 

12,164,471