The holder of each share of common stock has the right to one vote for each share and is entitled to notice of any stockholders’ meeting and to vote upon certain events.

The holder of the Preferred Stock has similar rights and characteristics to common stock and for the purposes of the calculation of earnings per share, the Preferred Stock is treated as common stock.

Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during each period.

Diluted net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of common and dilutive common equivalent shares outstanding for the period using the treasury-stock method and the if-converted method, whichever is more dilutive. Potentially dilutive shares are comprised of restricted stock units, stock options, shares underlying our convertible senior notes and shares underlying our collared forward transactions. For the three and six months ended June 30, 2026 and 2025, there is no difference in the number of shares used to calculate basic and diluted shares outstanding due to the Company’s net loss and potentially dilutive shares being anti-dilutive.

The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator
Net loss attributable to common stockholders-basic and diluted	$	(49,258)	$	(66,414)	$	(94,280)	$	(127,030)
Denominator
Weighted average common shares outstanding-basic and diluted	629,681,803		515,086,631		617,625,210		510,376,584
Net loss per share attributable to stockholders-basic and diluted	$	(0.08)	$	(0.13)	$	(0.15)	$	(0.25)

The following equity shares were excluded from the calculation of diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive:


	June 30,
	2026	2025
Stock options and restricted stock units	13,095,520	23,616,300
Shares underlying our convertible senior notes	2,607,745	69,261,530
Shares underlying our collared forward transactions	7,451,200	—