| Net Loss Per Share |
3. Net Loss Per Share The following tables summarize the computation of the basic and diluted net loss per share (in thousands except share and per share data):
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Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
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|
2025 |
|
Numerator: |
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Net loss |
|
$ |
(40,368 |
) |
|
$ |
(22,977 |
) |
|
$ |
(68,200 |
) |
|
$ |
(54,960 |
) |
Denominator: |
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Weighted average common shares outstanding |
|
|
71,494,824 |
|
|
|
70,977,594 |
|
|
|
71,377,038 |
|
|
|
70,947,189 |
|
Add: weighted average of common stock
to be issued upon exercise of pre-funded warrants |
|
|
3,000,031 |
|
|
|
3,000,031 |
|
|
|
3,000,031 |
|
|
|
3,000,031 |
|
Weighted average shares used to compute net loss
per share, basic and diluted |
|
|
74,494,855 |
|
|
|
73,977,625 |
|
|
|
74,377,069 |
|
|
|
73,947,220 |
|
Net loss per share, basic and diluted |
|
$ |
(0.54 |
) |
|
$ |
(0.31 |
) |
|
$ |
(0.92 |
) |
|
$ |
(0.74 |
) |
The following table summarizes the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be antidilutive:
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As of June 30, |
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|
2026 |
|
|
2025 |
|
Common stock options |
|
|
10,789,080 |
|
|
|
11,375,749 |
|
Restricted stock units |
|
|
951,360 |
|
|
|
832,299 |
|
|
|
|
11,740,440 |
|
|
|
12,208,048 |
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|