| Summary of Computation of Basic and Diluted Net Loss Per Share |
The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share amounts):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net loss attributable to common stockholders |
$ |
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(32,246 |
) |
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$ |
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(13,565 |
) |
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$ |
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(53,920 |
) |
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$ |
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(28,122 |
) |
Denominator: |
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Weighted-average shares of common stock outstanding |
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36,136,055 |
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1,553,938 |
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34,910,516 |
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1,552,749 |
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Less: weighted-average unvested early-exercised options |
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(411 |
) |
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(13,243 |
) |
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(1,885 |
) |
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(14,921 |
) |
Weighted-average shares of common stock outstanding used to compute net loss per share, basic and diluted |
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36,135,644 |
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1,540,695 |
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34,908,631 |
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1,537,828 |
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Net loss per share, basic and diluted |
$ |
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(0.89 |
) |
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$ |
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(8.80 |
) |
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$ |
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(1.54 |
) |
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$ |
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(18.29 |
) |
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| Summary of Outstanding Shares of Potentially Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Attributable to Common Stockholders |
The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive:
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June 30, |
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2026 |
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2025 |
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Convertible preferred stock |
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— |
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19,147,595 |
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Stock options outstanding |
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7,476,614 |
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3,726,284 |
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Restricted stock units outstanding |
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328,318 |
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437,754 |
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Stock appreciation rights outstanding |
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444,992 |
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444,992 |
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Common stock subject to repurchase |
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— |
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18,979 |
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Total |
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8,249,924 |
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23,775,604 |
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