| Schedule of Computation of Basic and Diluted Net Loss Per Share |
The following tables set forth the computation of basic and diluted net loss per share of common stock, Series A Preferred Stock, and Series B Preferred Stock (in thousands, except share and per share amounts):
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Three Months Ended June 30, |
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2026 |
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2025 |
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Series A Preferred Stock |
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Series B Preferred Stock |
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Common Stock |
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Series A Preferred Stock |
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Series B Preferred Stock |
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Common Stock |
Numerator: |
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Allocated net loss |
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$(5,124) |
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$(2,349) |
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$(88,932) |
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$(8,999) |
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$(3,653) |
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$(60,877) |
Denominator: |
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Weighted average shares outstanding, basic and diluted |
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39,414 |
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4,516 |
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171,005,468 |
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67,686 |
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6,868 |
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114,466,080 |
Net loss per share, basic and diluted |
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$(130.00) |
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$(520.15) |
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$(0.52) |
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$(132.95) |
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$(531.89) |
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$(0.53) |
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Six Months Ended June 30, |
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2026 |
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2025 |
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Series A Preferred Stock |
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Series B Preferred Stock |
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Common Stock |
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Series A Preferred Stock |
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Series B Preferred Stock |
|
Common Stock |
Numerator: |
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Allocated net loss |
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$(14,005) |
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$(4,743) |
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$(175,009) |
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$(17,834) |
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$(7,227) |
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$(120,454) |
Denominator: |
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Weighted average shares outstanding, basic and diluted |
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53,337 |
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4,516 |
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166,624,462 |
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67,788 |
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6,868 |
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114,463,810 |
Net loss per share, basic and diluted |
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$(262.58) |
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$(1,050.27) |
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$(1.05) |
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$(263.08) |
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$(1,052.27) |
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$(1.05) |
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| Summary of Potential Dilutive Securities |
The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated above because including them would have had an anti-dilutive effect:
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June 30, |
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2026 |
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2025 |
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Stock options to purchase common stock |
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27,111,643 |
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27,107,864 |
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Shares issuable upon conversion of convertible notes |
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5,116,787 |
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— |
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Performance-based restricted stock units subject to vesting |
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3,650,000 |
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3,054,000 |
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Restricted stock units subject to vesting |
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1,282,213 |
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80,000 |
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37,160,643 |
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30,241,864 |
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