v3.26.3
Net Loss per Share Attributable to Common Stockholders
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Loss per Share Attributable to Common Stockholders Net Loss per Share Attributable to Common Stockholders
Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The Company uses the treasury stock method to determine the potentially dilutive common stock equivalents of the Company’s stock options, warrants, share purchase rights pursuant to the Company’s 2021 ESPP, shares issuable under the Company’s bonus plans, and unvested RSUs, PSUs, RSUs subject to cash-settlement election. The Company uses the more dilutive of the if-converted method or the two class method to determine the potential dilutive effect of convertible notes. The Capped Calls are antidilutive and are excluded from diluted EPS.
The following table presents the calculation of 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,
2026202520262025
Numerator:
Net loss and comprehensive loss attributable to common stockholders
$(2,364)$(3,778)$(13,600)$(20,199)
Denominator for basic and diluted net loss per share:
Weighted average common shares outstanding, basic and diluted62,536,34256,977,76460,885,38855,557,541
Net loss per share attributable to common stockholders – basic and diluted$(0.04)$(0.07)$(0.22)$(0.36)
Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common shares outstanding would have been antidilutive. The weighted average potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented are as follows:
Three Months Ended September 30,
Nine Months Ended September 30,
2026202520262025
RSUs3,960,872 1,551,288 3,584,279 2,858,871 
PSUs1,208,562 — 407,897 — 
RSUs subject to cash-settlement election55,957 — 29,934 — 
Customer warrants4,194,876 — 1,644,146 — 
Stock options2,358,605 3,680,074 2,675,003 3,881,504 
Shares underlying the conversion option in the Notes3,788,048 — 1,276,558 — 
Shares issuable pursuant to the 2021 ESPP817,829 995,964 1,048,352 1,227,136 
Bonus Plan 458,736 — 510,684 62,965