Basic earnings per share (EPS) is calculated by dividing the net loss by the weighted average number of shares of common stock outstanding. Diluted EPS is computed by dividing the net loss by the weighted average number of shares of common stock outstanding, plus potential outstanding common stock for the period. Potential outstanding common stock includes stock options and shares underlying RSUs and PSUs, but only to the extent that their inclusion is dilutive, as calculated using the treasury stock method.

The following table presents the calculation of basic and diluted net loss per share of common stock for the three and nine months ended September 30, 2026 and 2025:


	Three Months Ended				Nine Months Ended
(in thousands, except for share and per share amounts)	September 30, 2026		September 30, 2025		September 30, 2026		September 30, 2025
Numerator:
Net loss	$	(22,562)	$	(22,586)	$	(133,642)	$	(79,287)
Denominator:
Weighted average shares outstanding, basic and diluted	60,465,170		59,091,478		60,054,252		58,873,268


Net loss per share, basic and diluted	$	(0.37)	$	(0.38)	$	(2.23)	$	(1.35)


Antidilutive securities excluded from calculations of diluted net loss per share	6,117,524		5,445,436		6,012,950		6,180,855

The Company incurred a net loss for the three and nine months ended September 30, 2026 and 2025, causing inclusion of any potentially dilutive securities to have an anti-dilutive effect, resulting in dilutive loss per share and basic loss per share attributable to common stockholders being equivalent.