v3.26.1
Net Loss Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share

2. Net Loss Per Share

The table below sets forth the computation of basic and diluted net loss per share for the periods presented:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands, except share and per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(7,115

)

 

$

(8,496

)

 

$

(17,286

)

 

$

(16,780

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

21,742,929

 

 

 

449,785

 

 

 

21,073,361

 

 

 

446,390

 

Basic and diluted net loss per share

 

$

(0.32

)

 

$

(18.89

)

 

$

(0.82

)

 

$

(37.59

)

Since the Company incurred a net loss for the three and six months ended June 30, 2026 and 2025, the diluted net loss per share calculation excludes potentially dilutive securities. The following table summarizes the number of shares of common stock issuable under various securities that were excluded from the calculation of diluted net loss per share because their inclusion would have been anti-dilutive:

 

 

Three and six months ended

 

 

 

2026

 

 

2025

 

Redeemable convertible preferred stock

 

 

 

 

 

12,729,240

 

Common warrants

 

 

 

 

 

672,632

 

Preferred warrants

 

 

 

 

 

4,883

 

Restricted stock units

 

 

2,007,120

 

 

 

185,243

 

Stock options and employee stock purchase plan

 

 

2,375,364

 

 

 

2,360,530

 

Total shares

 

 

4,382,484

 

 

 

15,952,528