v3.26.1
Net Loss per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss per Share Net Loss per Share
Basic and diluted net loss per common share attributable to common stockholders was calculated as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands, except share and per share amounts)2026202520262025
Numerator:
Net loss attributable to common stockholders$(42,109)$(52,591)$(91,231)$(104,481)
Denominator:
Weighted-average common shares outstanding, basic and diluted177,224,892 129,185,918 177,160,914 128,439,349 
Net loss per share attributable to common stockholders, basic and diluted$(0.24)$(0.41)$(0.51)$(0.81)
Diluted net loss per share available to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents outstanding for the period. For purposes of this calculation, outstanding time-based stock options to purchase common stock, vested performance-based stock options to purchase common stock, and
unvested performance-based restricted stock awards were considered common stock equivalents but had been excluded from the calculation of diluted net loss per share available to common stockholders as their effect was anti-dilutive. In periods in which the Company reports a net loss available to common stockholders, diluted net loss per share available to common stockholders is the same as basic net loss per share available to common stockholders, since dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.
The following common stock equivalents were excluded from the calculation of diluted net loss per share applicable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:
As of June 30,
20262025
Anti-dilutive common stock equivalents:
Options to purchase common stock22,547,914 17,685,319 
Unvested performance-based restricted common stock awards3,472,546 3,472,546 
Total anti-dilutive common stock equivalents:26,020,460 21,157,865