v3.26.1
Net Loss Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share

12. Net Loss Per Share

The following table summarizes the computation of basic and diluted net loss per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(43,082

)

 

$

(52,731

)

 

$

(96,540

)

 

$

(120,723

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

185,163

 

 

 

161,691

 

 

 

182,504

 

 

 

161,572

 

Net loss per share, basic and diluted

 

$

(0.23

)

 

$

(0.33

)

 

$

(0.53

)

 

$

(0.75

)

 

The following outstanding potentially dilutive common stock equivalents 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

 

 

 

(in thousands)

 

Common stock options and restricted stock units

 

 

31,687

 

 

 

24,559

 

Early exercised stock options subject to future vesting

 

 

 

 

 

19

 

Unvested restricted stock awards

 

 

45

 

 

 

98

 

Employee stock purchase plan

 

 

37

 

 

 

57

 

Term loan conversion election

 

 

5,605

 

 

 

11,397

 

Total

 

 

37,374

 

 

 

36,130