Net Loss Per Share

12 Months Ended

Dec. 31, 2024

Net Loss Per Share

Net Loss Per Share

16. Net Loss Per Share

Basic net loss per share attributable to common stockholders was calculated as follows for the years ended December 31, 2024, 2023 and 2022:

	Year Ended
	December 31,
	2024		2023		2022
Numerator:
Net loss attributable to common stockholders	$	(193,506)	$	(80,736)	$	(71,038)
Denominator:
Weighted average common shares outstanding, basic		158,265,162		79,827,362		76,875,035
Net loss per share - basic	$	(1.22)	$	(1.01)	$	(0.92)

Diluted net loss per share was calculated as follows for the years ended December 31, 2023 and 2022:

	Year Ended
	December 31,
		2023		2022
Net loss attributable to common stockholders, basic	$	(80,736)	$	(71,038)
Interest expense on Convertible Notes		4,172		4,596
Gain on extinguishment of debt (Note 9)		(14,907)		—
Change in fair value of derivative liability		4,502		(13,841)
Net loss attributable to common stockholders, diluted	$	(86,969)	$	(80,283)
Weighted average common shares outstanding, basic		79,827,362		76,875,035
Shares issuable in connection with conversion of Convertible Notes, as if converted		5,769,232		5,769,232
Weighted average common shares outstanding, diluted		85,596,594		82,644,267
Net loss per share attributable to common stockholders, diluted	$	(1.02)	$	(0.97)

For the year ended December 31, 2024, there was no dilutive impact from potentially issuable common shares. Therefore, diluted net loss per share was the same as basic net loss per share. As of December 31, 2024, the Pre-Funded Warrants (Note 12) are included in the calculation of basic and diluted net loss per share.

The Company excluded the following common stock equivalents, outstanding as of December 31, 2024, 2023 and 2022 from the computation of diluted net loss per share attributable to common stockholders for the years ended December 31, 2024, 2023 and 2022 because they had an anti-dilutive impact due to the net loss incurred for the periods.

	December 31,
	2024	2023	2022
Options to purchase common stock	19,887,683	16,136,791	13,669,711
Restricted stock units	3,389,604	1,627,341	1,092,682
	23,277,287	17,764,132	14,762,393