v3.26.1
Basic and Diluted Net Loss Per Common Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Common Share

Note 12. Basic and Diluted Net Loss Per Common Share

Basic net loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is computed using net loss and the weighted-average number of common shares outstanding plus potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include the assumed exercise of outstanding stock options, assumed release of outstanding RSUs, and assumed issuance of common stock under the ESPP. The Company incurred net losses in the periods presented, and as a result, the potential issuance of common shares from stock options, RSUs, and ESPP were not included in the diluted shares used to calculate net loss per share, as their inclusion would have been anti-dilutive.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share amounts):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net loss

 

$

(31,683

)

 

$

(20,056

)

 

$

(61,715

)

 

$

(35,806

)

Weighted-average common shares outstanding—basic and diluted

 

 

105,424,708

 

 

 

88,517,498

 

 

 

104,808,285

 

 

 

87,990,691

 

Net loss per common share—basic and diluted

 

$

(0.30

)

 

$

(0.23

)

 

$

(0.59

)

 

$

(0.41

)

The following table sets forth the potentially dilutive shares excluded from the computation of diluted net loss per common share because their effect was anti-dilutive:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Options to purchase common stock

 

 

15,222,114

 

 

 

13,349,343

 

 

 

15,222,114

 

 

 

13,349,343

 

Unvested RSUs

 

 

1,210,200

 

 

 

860,622

 

 

 

1,210,200

 

 

 

860,622

 

ESPP

 

 

346,540

 

 

 

201,303

 

 

 

346,540

 

 

 

201,303

 

Total

 

 

16,778,854

 

 

 

14,411,268

 

 

 

16,778,854

 

 

 

14,411,268