The following table presents the calculation of the Company’s basic and diluted net loss per share:


	Three Months Ended				Six Months Ended
(in thousands, except share and per share data)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Numerator
Net loss	$	(110,247)	$	(113,985)	$	(203,434)	$	(220,198)
Denominator
Weighted average shares of common stock—basic and diluted	43,112,595		35,793,154		41,883,565		35,054,896
Net loss per share
Basic and Diluted	$	(2.56)	$	(3.18)	$	(4.86)	$	(6.28)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share, as the inclusion of all potential shares of common stock outstanding would have been anti-dilutive.

The following common stock equivalents were excluded from the calculation of diluted net loss per share for the periods presented as they had an anti-dilutive effect:


	Three and Six Months Ended
	June 30, 2026	June 30, 2025
Unvested restricted stock units	3,793,427	5,261,148
Unvested performance options	104,315	104,315
Shares issuable under ESPP	83,140	145,433
Unvested performance stock units	21,001	—
Total	4,001,883	5,510,896