Basic and diluted net loss per share was calculated as follows (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	$	(39,111)	$	(47,917)	$	(110,709)	$	(118,081)
Net loss	$	(39,111)	$	(47,917)	$	(110,709)	$	(118,081)

Denominator
Weighted-average number of ordinary shares used in net loss per share - basic and diluted	266,158,829		266,141,411		266,151,170		266,134,021
Basic and diluted net loss per ordinary share	$	(0.15)	$	(0.18)	$	(0.42)	$	(0.44)

For all periods presented, outstanding but unvested RSUs, share options and warrants have been excluded from the calculation as their effects would be anti-dilutive. Therefore, the weighted average number of ordinary shares used to calculate both basic and diluted loss per share are the same for all periods presented.

The following potentially dilutive securities have been excluded from the calculation of diluted net loss per share due to their anti-dilutive effect:


	Six Months Ended June 30,
	2026	2025
Unvested restricted stock units	4,251,304	16,250
Outstanding share options	37,399,862	30,870,682
Warrants	3,265,306	3,265,306
Total	44,916,472	34,152,238