v3.26.1
Loss per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Loss per Share

12. Loss per Share

The computation of basic and diluted EPS attributable to the Class A common stockholders was as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(96,267

)

 

$

(9,392

)

 

$

(149,423

)

 

$

(28,235

)

Accretion of redeemable convertible preferred stock to redemption value

 

 

(170

)

 

 

(129

)

 

 

(329

)

 

 

(250

)

Cumulative dividend on redeemable convertible preferred stock

 

 

(2,902

)

 

 

(2,681

)

 

 

(5,746

)

 

 

(5,308

)

Net loss attributable to common stockholders

 

$

(99,339

)

 

$

(12,202

)

 

$

(155,498

)

 

$

(33,793

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding —basic and diluted

 

 

128,674,548

 

 

 

126,853,536

 

 

 

128,238,204

 

 

 

126,576,130

 

Net loss per share—basic and diluted

 

$

(0.77

)

 

$

(0.10

)

 

$

(1.21

)

 

$

(0.27

)

 

For the three and six months ended June 30, 2026 and 2025, outstanding stock-based awards of 18,666,605 and 16,968,830, respectively, were excluded from the diluted EPS calculation as they were anti-dilutive. For the three and six months ended June 30, 2026 and 2025, 39,023,068 and 36,051,283, shares of common stock, respectively, available upon conversion of Convertible Preferred Stock were excluded from the diluted EPS calculation as they were anti-dilutive.