v3.26.1
Net Loss per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Potential Common Shares Excluded from Computation of Diluted Net Loss per Share The Company excluded the following potential common shares, presented based on amounts outstanding at period end, from the computation of diluted net loss per share because including them would have had an anti-dilutive effect:

 

 

As of June 30,

 

 

 

2026

 

 

2025

 

Unvested restricted stock

 

 

3,361,965

 

 

 

2,885,312

 

Outstanding options to purchase common stock

 

 

12,628,958

 

 

 

11,616,771

 

ESPP

 

 

74,517

 

 

 

132,053

 

Total

 

 

16,065,440

 

 

 

14,634,136

 

Summary of Computation of Basic and Diluted Net Loss per Share

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

 

$

(122,678

)

 

$

(102,138

)

 

$

(216,996

)

 

$

(210,468

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

 

 

104,326,669

 

 

 

101,995,184

 

 

 

103,797,276

 

 

 

95,023,977

 

Net loss per common share, basic and diluted

 

$

(1.18

)

 

$

(1.00

)

 

$

(2.09

)

 

$

(2.21

)