Basic and diluted net loss per share of common stock and redeemable common stock is presented in conformity with the two-class method required for participating securities. Under the two-class method, net loss is allocated to each class of common stock and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. The two-class method requires net income available to common stockholders for the period to be allocated between common and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. Losses are shared pro rata between redeemable and non-redeemable common stock based on their respective weighted average shares outstanding.

The Company considers its convertible preferred stock to be participating securities. Under the two-class method, the net loss attributable to common stockholders is not allocated to the convertible preferred stock as the holders of the Company’s convertible preferred stock do not have a contractual obligation to share in the Company’s losses.


	Three Months Ended June 30,
	2026		2026		2025		2025
	Redeemable Common Stock		Common Stock		Redeemable Common Stock		Common Stock
Numerator:
Allocation of net loss attributable to common stockholders	$	(5)	$	(615)	$	(1293)	$	(36,118)
Accretion on convertible preferred stock	(7)		(841)		(29)		(819)
Accretion on redeemable common stock	9		(9)		21		(21)

Allocated net loss attributable to common stockholders, basic	$	(3)	$	(1,465)	$	(1,301)	$	(36,958)
Denominator:
Weighted average common shares outstanding, basic	252,500		28,514,423		562,500		15,716,376
Net loss per share attributable to common stockholders, basic	$	(0.01)	$	(0.05)	$	(2.31)	$	(2.35)


	Three Months Ended June 30,
	2026		2026		2025		2025
	Redeemable Common Stock		Common Stock		Redeemable Common Stock		Common Stock
Numerator:
Allocation of net loss attributable to common stockholders	$	(5)	$	(615)	$	(1,293)	$	(36,118)
Accretion on convertible preferred stock	(7)		(841)		(29)		(819)
Accretion on redeemable common stock	9		(9)		21		(21)

Effect of dilutive securities	—		—		—		—
Allocated net loss attributable to common stockholders, diluted	$	(3)	$	(1,465)	$	(1,301)	$	(36,958)
Denominator:
Weighted average common shares outstanding, basic	252,500		28,514,423		562,500		15,716,376
Effect of dilutive securities	—		—		—		—
Weighted average common shares outstanding, diluted	252,500		28,514,423		562,500		15,716,376
Net loss per share attributable to common stockholders, diluted	$	(0.01)	$	(0.05)	$	(2.31)	$	(2.35)


	Six Months Ended June 30,
	2026		2026		2025		2025
	Redeemable Common Stock		Common Stock		Redeemable Common Stock		Common Stock
Numerator:
Allocation of net loss attributable to common stockholders	$	(42)	$	(3,824)	$	(1,183)	$	(32,701)
Accretion on convertible preferred stock	(18)		(1,678)		(59)		(1,637)
Accretion on redeemable common stock	22		(22)		42		(42)

Allocated net loss attributable to common stockholders, basic	$	(38)	$	(5,524)	$	(1,200)	$	(34,380)
Denominator:
Weighted average common shares outstanding, basic	307,610		27,968,200		562,500		15,550,751
Net loss per share attributable to common stockholders, basic	$	(0.12)	$	(0.20)	$	(2.13)	$	(2.21)


	Six Months Ended June 30,
	2026		2026		2025		2025
	Redeemable Common Stock		Common Stock		Redeemable Common Stock		Common Stock
Numerator:
Allocation of net loss attributable to common stockholders	$	(42)	$	(3,824)	$	(1,183)	$	(32,701)
Accretion on convertible preferred stock	(18)		(1,678)		(59)		(1,637)
Accretion on redeemable common stock	22		(22)		42		(42)

Effect of dilutive securities	—		(2,520)		—		—
Allocated net loss attributable to common stockholders, diluted	$	(38)	$	(8,044)	$	(1,200)	$	(34,380)
Denominator:
Weighted average common shares outstanding, basic	307,610		27,968,200		562,500		15,550,751
Effect of dilutive securities	—		109,138		0		—
Weighted average common shares outstanding, diluted	307,610		28,077,338		562,500		15,550,751
Net loss per share attributable to common stockholders, diluted	$	(0.12)	$	(0.29)	$	(2.13)	$	(2.21)

The following table summarizes the common stock equivalents of potentially dilutive outstanding securities excluded from the computation of diluted net loss per share due to their anti-dilutive effect:


	June 30,
	2026	2025
Stock options	94,321	377,012
RSUs	2,000,155	1,361,548
PSUs	104,165	56,391
ESPP shares committed	60,532	44,243
Common stock warrants	1,398,878	10,709,330
Preferred stock	2,872,668	2,872,668
Total	6,530,719	15,421,192