v3.26.1
Net Loss Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share
8.
NET LOSS PER SHARE

The Company computes basic net loss per share using the weighted-average number of common shares outstanding during the period. Diluted net loss per share is calculated by dividing net loss by the weighted-average number of common shares plus potential common shares. The Company's stock options, including those with performance conditions, are included in the calculation of diluted net loss per share using the treasury stock method when their effect is dilutive. Potential common shares are excluded from the calculation of diluted net loss per share when their effect is anti-dilutive.

The following common stock equivalents were not included in the calculation of net loss per diluted share because their effect were anti-dilutive (in thousands):

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Stock options

 

 

53,812

 

 

 

41,643

 

 

 

53,812

 

 

 

41,643

 

Performance stock options

 

 

6,750

 

 

 

6,750

 

 

 

6,750

 

 

 

6,750

 

Convertible notes

 

 

33,277

 

 

 

 

 

 

33,277

 

 

 

 

Total

 

 

93,839

 

 

 

48,393

 

 

 

93,839

 

 

 

48,393