Net Loss Per Common Share

6 Months Ended

12 Months Ended

Jun. 30, 2026

Dec. 31, 2025

11.	Net Loss Per Common Share

The following table summarizes the calculation of basic and diluted net loss per common share attributable to common stockholders (in thousands, except per share data):


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Net loss	$	(23,693	)	$	(15,675	)	$	(37,248	)	$	(31,433	)
Weighted-average shares of common stock used in computing net loss per share, basic and diluted		22,450			22,356			22,429			22,328

Net loss per share, basic and diluted	$	(1.06	)	$	(0.70	)	$	(1.66	)	$	(1.41	)

The Company excluded the following potential shares of its common stock, presented based on amounts outstanding at each period end, from the calculation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect (in thousands):


	As of June 30,
	2026		2025
Options to purchase common stock		5,945		4,647

Total		5,945		4,647

12.	Net Loss Per Common Share

The following table summarizes the calculation of basic and diluted net loss per common share attributable to common stockholders (in thousands, except per share data):


	Year Ended December 31,
	2025			2024
Net loss	$	(58,197	)	$	(65,363	)
Weighted-average shares of common stock used in computing net loss per share, basic and diluted		22,360			16,984

Net loss per share, basic and diluted	$	(2.60	)	$	(3.85	)

The Company excluded approximately 4,234,000 and 3,818,000 shares of common stock underlying outstanding stock options from the calculation of diluted net loss per share for the years ended December 31, 2025 and 2024, respectively, because their inclusion would have been anti-dilutive.