Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Schedule of Calculation for Basic and Diluted Net Loss Per Share

The following table presents the calculation for basic and diluted net loss per share (in thousands, except share and per share data):


	Three Months Ended September 30,								Nine Months Ended September 30,
	2026				2025				2026				2025
Numerator:
Net loss, basic and diluted	$	(14,851	)		$	(79,982	)		$	(135,128	)		$	(190,862	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		181,311				174,945				180,049				172,969
Net loss per share, basic and diluted	$	(0.08	)		$	(0.46	)		$	(0.75	)		$	(1.10	)

Schedule of Antidilutive Securities Excluded From the Computation of Earnings Per Share

The following outstanding shares of common stock equivalents were excluded from the calculation of diluted net loss per share for the three and nine months ended September 30, 2026 and 2025, as the impact of including them would have been anti-dilutive.


		As of September 30,
		2026				2025
Deep 6 holdback liability			—				13,614
Paige holdback liability			—				85,966
Unvested RSUs			5,931,276				6,427,465
Unvested RSAs			7,601				20,630
Unvested PSUs			1,929,552				2,569,600
Shares issuable upon conversion of Notes(1)			15,550,198				9,292,529
Total potentially dilutive shares			23,418,627				18,409,804

(1) As disclosed in Note 12, the Company entered into the Capped Call Transactions in connection with the pricing of the Notes. The Capped Call Transactions are generally expected to reduce the potential dilution to the Company’s Class A common stock upon conversion of the Notes. As such, the impact of the Capped Call Transactions was excluded from the calculation as the effect of the Capped Call Transactions if issued upon conversion of the Notes, would have been anti-dilutive.