The Company calculates basic loss per share by dividing net loss for each respective period by the weighted average number of common shares outstanding for each respective period. The Company computes diluted loss per share after giving consideration to the dilutive effect of stock options and unvested restricted stock units that are outstanding during the period, except where such securities would be anti-dilutive.

Basic and diluted loss per share was calculated as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
	(In thousands)
Net loss	$	(106,634	)	$	(101,255	)	$	(202,865	)	$	(215,584	)
Weighted average shares outstanding, basic and diluted		133,480			103,732			126,057			103,617
Net loss per share, basic and diluted	$	(0.80	)	$	(0.98	)	$	(1.61	)	$	(2.08	)

The following common stock equivalents were excluded from the calculation of diluted loss per share because their inclusion would have been anti-dilutive:


	Three and Six Months Ended June 30,
	2026	2025
	(In thousands)
Unvested restricted stock units	6,418	5,282
Stock options	5,721	5,442
	12,139	10,724