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Net Loss Per Common Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Loss Per Common Share Net Loss Per Common Share
Basic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, without consideration for common stock equivalents. Diluted net loss per share is computed by dividing net loss by the weighted-average number of common stock equivalents outstanding for the period, including shares that potentially could be dilutive if they were exercised or vested during the period, determined using the treasury-stock method and the if-converted method for shares issuable upon conversion of convertible notes. For purposes of this calculation, warrants for common stock, stock options, PBSOs, unvested RSUs and PBRSUs, shares issuable under the ESPP and shares issuable upon conversion of the convertible notes are considered to be common stock equivalents and are only included in the calculation of diluted net loss per share when their effect is dilutive.
The shares outstanding at the end of the respective periods presented below were excluded from the calculation of diluted net loss per share due to their anti-dilutive effect:
June 30
20252024
Common shares under option6,864,243 5,666,114 
Common shares under PBSOs624,000 646,200 
Unvested RSUs8,034,122 5,554,225 
Shares issuable related to the ESPP248,213 — 
Shares issuable upon conversion of convertible notes34,338,912 8,007,010 
Warrants26,071,429 26,071,429 
Total potential dilutive shares76,180,919 45,944,978