The following table sets forth the computation of basic and diluted net loss per share and excludes shares which are outstanding, but subject to repurchase by us:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net loss (in thousands)	$	(284,302)	$	(166,573)	$	(604,924)	$	(307,291)
Weighted-average shares outstanding used in computing net loss per share, basic and diluted (1)	144,494,106		136,033,746		142,014,171		135,863,299
Net loss per share, basic and diluted	$	(1.97)	$	(1.22)	$	(4.26)	$	(2.26)

(1) Includes shares of common stock into which pre-funded warrants may be exercised as of June 30, 2026. See Note 7, “Stockholders' Equity.”

The following potentially dilutive securities were excluded from the computation of diluted net loss per share for the period presented because including them would have been antidilutive:


	As of June 30,
	2026	2025
Stock options	12,111,431	11,116,512
Restricted stock units	3,019,377	2,139,814
Employee stock purchase plan	275,396	—
Total potentially dilutive securities outstanding	15,406,204	13,256,326