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

Note 10. Net Loss Per Share

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share amounts):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(8,185

)

 

$

(6,462

)

 

$

(18,213

)

 

$

(17,111

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding used to calculate net loss per share attributable to common stockholders, basic and diluted

 

 

44,760,766

 

 

 

30,172,328

 

 

 

39,439,881

 

 

 

30,113,321

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(0.18

)

 

$

(0.21

)

 

$

(0.46

)

 

$

(0.57

)

 

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all potential common shares outstanding would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

Options issued and outstanding

 

 

6,418,947

 

 

 

5,890,920

 

Unvested RSUs

 

 

1,272,029

 

 

 

927,468

 

Estimated shares issuable under the ESPP

 

 

10,779

 

 

 

35,239

 

Total

 

 

7,701,755

 

 

 

6,853,627

 

The 8,741,493 shares of common stock that may be issued upon exercise of the Pre-Funded Warrants issued under the 2025 Exchange Agreements and the 2026 Private Placement (see Note 8) are considered outstanding for the purposes of computing earnings per share because the shares may be issued for little or no consideration, they are fully vested and the Warrants are immediately exercisable upon their issuance date.