v3.26.3
Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Loss Per Share
As the Company uses the two-class method required for companies with multiple classes of common stock, the following tables present the calculation of basic and diluted net loss per share for each class of the Company’s common stock outstanding (in thousands, except share and per share amounts):
Three months ended September 30, 2026
Class AClass BTotal
Common Stock
Numerator:
Allocation of undistributed earnings$(11,724)$(1,083)$(12,807)
Numerator for basic and diluted net loss per share – loss available to common stockholders$(11,724)$(1,083)$(12,807)
Denominator:
Weighted-average common shares outstanding243,962,12322,535,412266,497,535
Denominator for basic and diluted net loss per share – weighted-average common stock243,962,12322,535,412266,497,535
Basic and diluted net loss per share$(0.05)$(0.05)$(0.05)
Three months ended September 30, 2025
Class AClass BTotal
Common Stock
Numerator:
Allocation of undistributed earnings$(30,410)$(3,561)$(33,971)
Numerator for basic and diluted net loss per share – loss available to common stockholders$(30,410)$(3,561)$(33,971)
Denominator:
Weighted-average common shares outstanding225,660,60426,426,937252,087,541
Denominator for basic and diluted net loss per share – weighted-average common stock225,660,60426,426,937252,087,541
Basic and diluted net loss per share$(0.13)$(0.13)$(0.13)
Nine months ended September 30, 2026
Class AClass BTotal
Common Stock
Numerator:
Allocation of undistributed earnings$(34,710)$(3,684)$(38,394)
Numerator for basic and diluted net loss per share – loss available to common stockholders$(34,710)$(3,684)$(38,394)
Denominator:
Weighted-average common shares outstanding236,625,98225,115,507261,741,489
Denominator for basic and diluted net loss per share – weighted-average common stock236,625,98225,115,507261,741,489
Basic and diluted net loss per share$(0.15)$(0.15)$(0.15)
Nine months ended September 30, 2025
Class AClass BTotal
Common Stock
Numerator:
Allocation of undistributed earnings$(55,114)$(6,658)$(61,772)
Numerator for basic and diluted net loss per share – loss available to common stockholders$(55,114)$(6,658)$(61,772)
Denominator:
Weighted-average common shares outstanding218,770,89726,426,937245,197,834
Denominator for basic and diluted net loss per share – weighted-average common stock218,770,89726,426,937245,197,834
Basic and diluted net loss per share$(0.25)$(0.25)$(0.25)
Schedule of Anti-Dilutive Common Equivalent Shares
The following table summarizes the Company’s anti-dilutive common equivalent shares:
September 30,
20262025
Outstanding options to purchase common stock1,888,4155,912,348
Outstanding restricted stock units16,636,78020,048,338
Outstanding employee stock purchase plan options
787,4721,794,222
Outstanding warrants—20,652,690
Total anti-dilutive common equivalent shares19,312,66748,407,598