| Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share |
The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income (loss) | $ | 70,126 | | | $ | (126,902) | | | $ | (185,874) | | | $ | (383,991) | | | | | | | | | | Denominator: | | | | | | | | Weighted-average number of: | | | | | | | | Common stock shares outstanding | 160,055,881 | | | 146,375,427 | | | 159,121,014 | | | 145,656,118 | | Pre-funded warrants | 28,331,779 | | | 26,046,065 | | | 28,331,779 | | | 26,046,065 | | Weighted-average number of shares outstanding, basic | 188,387,660 | | | 172,421,492 | | | 187,452,793 | | | 171,702,183 | | | Dilutive effect of outstanding common stock options, ESPP shares issuable, and restricted shares | 3,690,195 | | | — | | | — | | | — | | | Weighted-average number of shares outstanding, diluted | 192,077,855 | | | 172,421,492 | | | 187,452,793 | | | 171,702,183 | | | | | | | | | | | Net income (loss) per share, basic | $ | 0.37 | | | $ | (0.74) | | | $ | (0.99) | | | $ | (2.24) | | | Net income (loss) per share, diluted | $ | 0.37 | | | $ | (0.74) | | | $ | (0.99) | | | $ | (2.24) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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