The following table summarizes the computation of basic and diluted net loss per share of the Company (in thousands except share and per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Numerator:
Net (loss) income	$	(61,618	)	$	(23,483	)	$	(111,621	)	$	89,397
Denominator:
Weighted-average number of common shares, basic		66,017,895			58,353,855			64,548,862			58,109,622
Weighted-average number of common shares, diluted		66,017,895			58,353,855			64,548,862			59,681,472
Net (loss) income per share, basic	$	(0.93	)	$	(0.40	)	$	(1.73	)	$	1.54
Net (loss) income per share, diluted	$	(0.93	)	$	(0.40	)	$	(1.73	)	$	1.50

As the Company had net income during the six months ended June 30, 2025, the Company’s potential dilutive securities, which include stock options, RSUs and PSUs, were included in the calculation of diluted net income per share attributable to common stockholders.

For the three and six months ended June 30, 2026 and the three months ended June 30, 2025, the Company incurred a net loss. Weighted-average shares outstanding used to calculate basic net loss per share includes 3,703,730 warrants outstanding during the period. The Company’s potential dilutive securities, which include stock options, restricted stock units and performance stock units 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 attributable to common stockholders is the same for the three and six months ended June 30, 2026 and the three months ended June 30, 2025.

The Company excluded the following potential common stock, presented based on amounts outstanding at June 30, 2026 and 2025 from the computation of diluted net (loss) income per share attributable to common stockholders because including them would have had an anti-dilutive effect.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Outstanding options to purchase common stock		11,532,638		9,523,757		11,532,638		7,408,212
Restricted stock units		1,938,698		1,797,643		1,938,698		544,976
Performance stock units		219,000		219,000		219,000		—
Total		13,690,336		11,540,400		13,690,336		7,953,188