Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding, less restricted stock awards (“RSAs”) subject to forfeiture. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding, less RSAs subject to forfeiture, plus all additional common shares that would have been outstanding, assuming dilutive potential common stock shares had been issued for other dilutive securities. For all periods presented, diluted and basic net loss per share are identical since potential common stock shares are excluded from the calculation, as their effect was anti-dilutive.

In periods of net loss, the weighted average number of shares outstanding, prior to the application of the treasury stock method, excludes potentially dilutive securities from the computation of diluted net loss per common share because including such shares would have an anti-dilutive effect.

The following shares were not considered in the computation of diluted net loss per share because their effect was anti-dilutive (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Shares issuable under the Equity Incentive Plan and ESPP(1)	14,894	13,516	14,894	13,516
Warrants(2)	424	424	424	424
Total potentially dilutive securities	15,318	13,940	15,318	13,940

(1) Included anti-dilutive potential common shares issuable under the ESPP of 363,389 shares for each of the three and six months ended June 30, 2026 and 688,219 shares for each of the three and six months ended June 30, 2025 (actual shares).