v3.26.1
Net Loss Per Share
6 Months Ended
Jun. 30, 2026
Net Loss Per Share  
Net Loss Per Share

12. Net Loss Per Share

Basic net loss per share was calculated as follows for the three and six months ended June 30, 2026 and 2025:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Numerator:

 

  ​

 

  ​

Net loss attributable to common stockholders

$

(78,763)

$

(67,814)

$

(167,375)

$

(131,867)

Denominator:

 

  ​

 

 

  ​

 

  ​

Weighted average common shares outstanding, basic

 

224,952,428

 

172,594,662

 

224,528,253

 

171,004,629

Net loss per share - basic

$

(0.35)

$

(0.39)

$

(0.75)

$

(0.77)

For the three and six months ended June 30, 2026 and 2025, respectively, there was no dilutive impact from potentially issuable common shares. Therefore, diluted net loss per share was the same as basic net loss per share. As of June 30, 2026 and June 30, 2025, 5,818,592 and 9,713,684, respectively, outstanding Pre-Funded Warrants (Note 10) are included in the calculation of basic and diluted net loss per share.

The Company excluded the following potentially issuable common shares, outstanding as of June 30, 2026 and 2025, respectively, from the computation of diluted net loss per share for the three and six months ended June 30, 2026 and 2025, respectively, because they had an anti-dilutive impact:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Options to purchase common stock

25,570,034

23,538,091

25,570,034

23,538,091

RSUs

4,835,219

4,870,747

4,835,219

4,870,747

PSUs

1,500,000

1,500,000

1,500,000

1,500,000

31,905,253

29,908,838

31,905,253

29,908,838