| Summary of Computation of Basic and Diluted Net Loss Per Share |
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net loss |
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$ |
(44,727 |
) |
|
$ |
(33,679 |
) |
|
$ |
(68,935 |
) |
|
$ |
(66,465 |
) |
Denominator: |
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Weighted-average shares of common stock outstanding |
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|
54,030,711 |
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|
|
43,807,793 |
|
|
|
51,815,909 |
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|
|
36,265,200 |
|
Add: weighted-average shares of common stock to be issued upon exercise of pre-funded warrants |
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|
4,975,595 |
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|
|
— |
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4,655,123 |
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|
— |
|
Less: weighted-average shares of common stock subject to repurchase |
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|
(10,372 |
) |
|
|
(10,372 |
) |
|
|
(10,372 |
) |
|
|
(10,372 |
) |
Weighted-average shares of common stock outstanding used in the calculation of net loss per share, basic and diluted |
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|
58,995,934 |
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|
|
43,797,421 |
|
|
|
56,460,660 |
|
|
|
36,254,828 |
|
Net loss per share, basic and diluted |
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$ |
(0.76 |
) |
|
$ |
(0.77 |
) |
|
$ |
(1.22 |
) |
|
$ |
(1.83 |
) |
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| Summary of Potential Shares of Common Stock Excluded from the Computation of Diluted Net Loss Per Share Attributable to Common Stockholders |
The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows:
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Six Months Ended June 30, |
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|
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2026 |
|
|
2025 |
|
Shares subject to outstanding stock options |
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|
6,125,834 |
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|
|
5,347,639 |
|
Shares subject to outstanding restricted stock units |
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1,033,730 |
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|
— |
|
Unvested restricted stock subject to repurchase |
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|
10,372 |
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|
10,372 |
|
Total |
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7,169,936 |
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|
|
5,358,011 |
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