v3.26.1
Net Loss Per Share Giving Effect to Exchange of Common Stock to Series A Preferred Stock (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share The following table sets forth the computation of basic and diluted net loss per share for the three and six months ended June 30, 2026 (in thousands, except share and per share amounts).

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2026

 

Net Loss

 

$

32,782

 

 

$

62,395

 

 

 

 

 

 

 

Allocation of net loss to common

 

 

31,277

 

 

 

59,502

 

Allocation of net loss to Series A Preferred

 

 

1,505

 

 

 

2,893

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding, basic and diluted

 

 

103,882,937

 

 

 

96,887,741

 

Weighted average shares of Series A Preferred outstanding, basic and diluted

 

 

500,000

 

 

 

470,994

 

 

 

 

 

 

 

Net loss per share of common stock, basic and diluted

 

$

0.30

 

 

$

0.61

 

Net loss per share of Series A Preferred, basic and diluted

 

$

3.01

 

 

$

6.14

 

 

Schedule of Computation for Diluted Earnings Per Share

 

 

As of June 30,

 

 

 

2026

 

 

2025

 

Options to purchase common stock

 

 

11,056,215

 

 

 

8,583,457

 

Unvested restricted common stock

 

 

1,028,107

 

 

 

809,791

 

Unvested performance-based restricted common stock

 

 

200,000

 

 

 

200,000

 

 

 

 

12,284,322

 

 

 

9,593,248