v3.26.1
Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

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

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(25,781

)

 

$

(41,144

)

 

$

(59,687

)

 

$

(93,051

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

156,575

 

 

 

149,907

 

 

 

155,328

 

 

 

148,337

 

Net loss per share, basic and diluted:

 

$

(0.16

)

 

$

(0.27

)

 

$

(0.38

)

 

$

(0.63

)

Anti-Dilutive Securities of Common Stock Excluded from Calculation of Diluted Net Loss Per Share

The following potentially dilutive shares of common stock were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands):

 

 

 

As of
June 30,

 

 

 

2026

 

 

2025

 

Options to purchase common stock and employee stock purchase plan

 

 

1,533

 

 

 

2,050

 

Unvested restricted stock unit awards

 

 

11,317

 

 

 

8,911

 

Warrants to purchase common stock

 

 

8,177

 

 

 

8,177

 

2026 Notes

 

 

3,449

 

 

 

3,449

 

2030 Notes

 

 

34,527

 

 

 

34,527

 

Total

 

 

59,003

 

 

 

57,114