| Summary of Basic and Diluted Earnings Per Share |
Basic and diluted earnings per share are calculated as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net loss |
|
$ |
(32,933 |
) |
|
$ |
(37,161 |
) |
|
$ |
(78,373 |
) |
|
$ |
(71,433 |
) |
Weighted-average common shares outstanding — basic and diluted |
|
|
80,050,518 |
|
|
|
83,747,335 |
|
|
|
79,183,301 |
|
|
|
84,449,318 |
|
Net loss per share — basic and diluted |
|
$ |
(0.41 |
) |
|
$ |
(0.44 |
) |
|
$ |
(0.99 |
) |
|
$ |
(0.85 |
) |
|
| Summary of Antidilutive Securities Excluded from Computation of Net Loss Per Share |
The following shares were excluded from the computation of the net loss per share for the three and six months ended June 30, 2026 and 2025, respectively, due to the net loss during the respective period as their effect is antidilutive.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Stock options |
|
|
21,851,966 |
|
|
|
22,889,797 |
|
|
|
21,851,966 |
|
|
|
22,889,797 |
|
Restricted stock units |
|
|
1,552,537 |
|
|
|
2,247,064 |
|
|
|
1,552,537 |
|
|
|
2,247,064 |
|
Performance-based restricted stock units |
|
|
3,989,820 |
|
|
|
2,465,985 |
|
|
|
3,989,820 |
|
|
|
2,465,985 |
|
Employee stock purchase plan |
|
|
12,383 |
|
|
|
21,588 |
|
|
|
12,383 |
|
|
|
21,588 |
|
|