v3.26.1
Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
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:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands, except share and per share data)

 

Net loss

 

$

(83,707

)

 

$

(70,375

)

 

$

(156,998

)

 

$

(147,440

)

Net loss per share, basic and diluted

 

$

(0.41

)

 

$

(0.41

)

 

$

(0.82

)

 

$

(0.87

)

Weighted average shares of common stock, basic and diluted

 

 

202,849,466

 

 

 

171,264,622

 

 

 

191,412,839

 

 

 

170,254,500

 

Summary of Antidilutive Securities Excluded From Computation of Earnings Per Share

For the three and six months ended June 30, 2026 and 2025, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share is the same. In computing diluted net loss per share for the three and six months ended June 30, 2026 and 2025, the Company excluded the following potentially dilutive securities, as the effect would be anti-dilutive and reduce the net loss per share calculated for each period.

 

 

Three and Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Options outstanding to purchase common stock

 

 

24,660,624

 

 

 

20,536,224

 

Unvested and outstanding restricted stock units

 

 

2,796,750

 

 

 

4,549,719

 

 

 

 

27,457,374

 

 

 

25,085,943