For periods in which the Company reports a net loss attributable to common stockholders, potentially dilutive securities have been excluded from the computation of diluted net loss per share as their effects would be anti-dilutive. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. For purposes of the diluted net loss per share calculation, outstanding stock options, unvested time-based restricted stock unit awards, including PARSUs, and outstanding common stock warrants are considered to be common stock equivalents, but they were excluded from the Company’s calculation of diluted net loss per share allocable to common stockholders because their inclusion would have been anti-dilutive. The weighted-average number of shares of common stock outstanding also includes all issued pre-funded warrants because their exercise requires only nominal consideration for the delivery of the shares.

The Company excluded the following potential common shares presented based on amounts outstanding at period end from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:


	As of September 30,
	2026	2025
Anti-dilutive common stock equivalents:
Class A Warrants	50,608,500	—
Class B Warrants	50,608,500	—
Options to purchase common stock	11,537,050	13,889,147
Restricted stock units	5,134,605	2,871,426
Total anti-dilutive common stock equivalents	117,888,655	16,760,573

Basic and diluted loss per share is computed by dividing net loss by the weighted-average common shares outstanding for the three and nine months ended September 30, 2026 and 2025 (in thousands, except share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator:
Net loss	$	(21,843)	$	(32,166)	$	(70,607)	$	(84,508)
Denominator:
Weighted-average number of shares used in computing net loss per share − basic and diluted	136,080,965		72,563,311		130,987,407		71,473,704
Net loss per share − basic and diluted	$	(0.16)	$	(0.44)	$	(0.54)	$	(1.18)