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Net Loss per Share of Common Stock
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Loss per Share of Common Stock Net Loss per Share of Common Stock
The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2025 and 2024 (in thousands, except share and per share amounts): For purposes of earnings per share, the Series B Convertible Preferred shares have the same characteristics as common stock and have no liquidation or other material preferential rights over common stock and accordingly, have been considered as a second class of common stock in the computation of net loss
per share regardless of their legal form. Losses are allocated between the common shares and the Series B Convertible Preferred Stock on a pro rata basis as they share equally in losses and residual net assets on an as-converted basis.
Year ended December 31,
20252024
Net loss attributable to common shareholders— basic and diluted(67,846)(54,010)
Weighted shares used in calculating net loss per common share — basic and diluted300,167,989 270,995,121 
Net loss per share attributable to common shareholders — basic and diluted$(0.23)$(0.20)
Net loss attributable to Series B Convertible Preferred shareholders — basic and diluted— (44)
Weighted shares used in calculating net loss per Series B Convertible Preferred Stock — basic and diluted— 54,745 
Net loss per share attributable to Series B Convertible Preferred shareholders — basic and diluted$— $(0.80)
The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding, as their inclusion would have been antidilutive:
Year ended December 31,
20252024
Stock options to purchase common stock24,561,750 16,197,148 
RSUs851,652 1,902,457 
PSUs4,186,797 872,352 
Warrants20,628,664 628,725 
Total50,228,863 19,600,682