Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted net loss per share of common stock. Diluted net loss per share considers the more dilutive of the two-class method and if-converted method. The Company’s potentially dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share is the same.


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share data)	2026		2025		2026		2025
Net loss and comprehensive loss	$	(19,864)	$	(8,675)	$	(33,682)	$	(17,498)
Basic and diluted weighted-average shares outstanding	33,439,543		2,277,521		26,721,021		2,253,711
Basic and diluted net loss per share	$	(0.59)	$	(3.81)	$	(1.26)	$	(7.76)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following amounts were not included in the calculation of net loss per diluted share for the periods presented because their effects were anti-dilutive at the end of each respective periods:



	2026	2025
Stock options	4,713,214	2,082,695
Redeemable convertible preferred stock	—	20,341,968
Total	4,713,214	22,424,663