v3.26.1
Net Loss Per Share, Basic and Diluted (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
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):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(72,936

)

 

$

(54,658

)

 

$

(141,696

)

 

$

(102,630

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding used in
computing net loss per share, basic and diluted

 

 

70,272,018

 

 

 

55,927,091

 

 

 

69,175,213

 

 

 

55,836,075

 

Net loss per share, basic and diluted

 

$

(1.04

)

 

$

(0.98

)

 

$

(2.05

)

 

$

(1.84

)

Outstanding Shares of Potentially Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:

 

 

June 30,

 

 

 

2026

 

 

2025

 

Stock options issued and outstanding

 

 

11,737,148

 

 

 

10,445,483

 

Restricted stock units subject to future vesting

 

 

1,816,742

 

 

 

725,101

 

2020 ESPP

 

 

303,189

 

 

 

549,661

 

Common stock warrants

 

 

30,000

 

 

 

30,000

 

Total

 

 

13,887,079

 

 

 

11,750,245