v3.26.1
Net Loss Per Share Attributable To Common Stockholders
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable To Common Stockholders
11.
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

As discussed in Note 6, on December 9, 2025, all of the Company's outstanding Class B common stock were automatically converted (the "Conversion") into the same number of shares of Class A common stock pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation, as amended. The Company does not expect to issue any additional shares of Class B common stock following the Conversion. On December 12, 2025, the Company filed a Certificate of Retirement with the Secretary of State of the State of Delaware effecting the retirement of the shares of Class B common stock that were issued but no longer outstanding following the Conversion. As the liquidation and dividend rights were identical, the Company’s undistributed earnings or losses were allocated on a proportionate basis among the holders of Class A and Class B common stock. As a result, the net loss per share attributed to common stockholders was, therefore, the same for both Class A and Class B common stock on an individual or combined basis.

The following table shows the computation of basic and diluted net loss per share (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 Class A and
    Class B common stockholders

 

$

(16,899

)

 

$

(19,424

)

 

$

(33,736

)

 

$

(39,372

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

  Weighted-average shares used in
    computing net loss per share
    attributable to Class A and
    Class B common stockholders,
    basic and diluted

 

 

55,164,080

 

 

 

58,087,565

 

 

 

55,577,709

 

 

 

58,744,490

 

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

 

$

(0.31

)

 

$

(0.33

)

 

$

(0.61

)

 

$

(0.67

)

 

 

The following outstanding shares of potentially dilutive securities 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 anti-dilutive (on an as-converted basis):

 

 

June 30,

 

 

 

2026

 

 

2025

 

Class A common stock options issued and outstanding

 

 

13,510,251

 

 

 

13,480,732

 

Restricted stock units

 

 

3,303,525

 

 

 

3,708,153

 

Estimated ESPP shares to be issued

 

 

69,024

 

 

 

136,797

 

Total

 

 

16,882,800

 

 

 

17,325,682