The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net loss attributable to common stockholders	$	(15,553)	$	(11,056)	$	(31,475)	$	(29,082)
Denominator:
Weighted-average shares outstanding – basic and diluted	33,824,896		12,271,587		31,563,558		12,152,245
Net loss per share – basic and diluted	$	(0.46)	$	(0.90)	$	(1.00)	$	(2.39)

Due to the net losses for the three and six months ended June 30, 2026 and 2025, basic and diluted net loss per common share were the same, as the effect of potentially dilutive securities would have been anti-dilutive. In accordance with ASC 260, Earnings Per Share, the 5,100,000 shares of common stock underlying the pre-funded RDO Warrants were considered outstanding common shares as of January 30, 2026, the date the warrants were issued, given they do not contain vesting conditions and are issuable for little cash consideration. As of June 30, 2026, 2,100,000 of the RDO Warrants remained unexercised but are included in common shares outstanding in the calculation of loss per share. See Note 11, Common Stock Warrants.

The following outstanding balances of equivalent securities have been excluded from the calculation of diluted weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented:


	Three and Six Months Ended June 30,
	2026	2025
Stock options	1,058,208	95,075
RSUs	1,088,591	1,344,723
Warrants (excludes 2,100,000 pre-funded warrants outstanding, included in weighted-average shares outstanding above)	3,124,819	1,943,403
Total	5,271,618	3,383,201