v3.26.1
Loss per share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Loss per share Loss per share
For periods in which the Company reports a net loss attributable to common stockholders, potentially dilutive securities have been excluded from the computation of diluted net loss per share as their effects would be anti-dilutive. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. For purposes of the dilutive net loss per share calculation, outstanding stock options, unvested time-based restricted stock unit awards, and outstanding common stock warrants are considered to be common stock equivalents, but they were excluded from the Company’s calculation of diluted net loss per share allocable to common stockholders because their inclusion would have been anti-dilutive. Restricted stock units for which the performance or market vesting conditions have been met are considered to be common stock equivalents, while restricted stock units with performance or market vesting conditions that were not met as of June 30, 2026 are not considered to be common stock equivalents. The weighted
average number of shares of common stock outstanding also includes all issued pre-funded warrants because their exercise requires only nominal consideration for the delivery of the shares.
The Company excluded the following potential common shares presented based on amounts outstanding at period end from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:
As of June 30,
20262025
Anti-dilutive common stock equivalents:
Class A Warrants50,608,500 — 
Class B Warrants50,608,500 — 
Options to purchase common stock11,868,316 14,164,955 
Restricted stock units5,606,891 2,957,988 
Total anti-dilutive common stock equivalents118,692,207 17,122,943 
Basic and diluted loss per share is computed by dividing net loss by the weighted-average common shares outstanding for the three and six months ended June 30, 2026 and 2025 (in thousands, except share and per share data):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Numerator:
Net loss$(23,635)$(26,020)$(48,764)$(52,342)
Denominator:
Weighted-average number of shares used in computing net loss per share − basic and diluted130,696,742 71,005,743 128,398,417 70,919,871 
Net loss per share − basic and diluted$(0.18)$(0.37)$(0.38)$(0.74)