v3.26.3
Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Anti-dilutive Equity Instruments Excluded from Calculation of Diluted Net Loss Per Share

The following equity instruments were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

 

 

 

Nine months ended September 30,

 

 

 

2026

 

 

2025

 

Awards under equity incentive plan

 

 

12,364,434

 

 

 

13,209,871

 

Non-vested restricted shares and restricted stock units

 

 

6,898,500

 

 

 

4,093,000

 

Warrants to purchase common stock(*)

 

 

77,793

 

 

 

77,793

 

Total

 

 

19,340,727

 

 

 

17,380,664

 

* Pre-funded warrants are excluded herein.

Reconciles Basic net loss Per Share and Diluted net loss Per Share of Common Stock

The following table calculates basic net loss per share of common stock and diluted net loss per share of common stock 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

 

Net loss

 

$

(42,989

)

 

$

(29,561

)

 

$

(120,501

)

 

$

(86,601

)

Net loss attributable to common
   stockholders

 

 

(42,989

)

 

 

(29,561

)

 

 

(120,501

)

 

 

(86,601

)

Undistributed earnings and net loss
   attributable to common stockholders,
   basic and diluted

 

 

(42,989

)

 

 

(29,561

)

 

 

(120,501

)

 

 

(86,601

)

Weighted-average common shares
   outstanding, basic and diluted

 

 

254,219,719

 

 

 

216,462,161

 

 

 

253,799,570

 

 

 

216,347,963

 

Basic and diluted net loss per share

 

$

(0.17

)

 

$

(0.14

)

 

$

(0.47

)

 

$

(0.40

)