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Net Loss Per Common Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Common Share

The following table presents the calculation of basic and diluted net loss per common share for the three and six months ended June 30, 2025 and 2024:

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

$

(84,706

)

 

$

(57,924

)

 

$

(149,753

)

 

$

(105,855

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares (weighted average)

 

 

 

76,780,364

 

 

 

75,498,047

 

 

 

76,647,393

 

 

 

75,459,783

 

Pre-funded warrants (weighted average)

 

 

 

2,173,081

 

 

 

2,173,081

 

 

 

2,173,081

 

 

 

2,173,081

 

Weighted average common shares
   outstanding – basic and diluted

 

 

 

78,953,445

 

 

 

77,671,128

 

 

 

78,820,474

 

 

 

77,632,864

 

Net loss per common share – basic and diluted

 

 

$

(1.07

)

 

$

(0.75

)

 

$

(1.90

)

 

$

(1.36

)

Summary of Potentially Dilutive Securities

The following table summarizes potentially dilutive securities as of June 30, 2025 and 2024:

 

 

 

June 30,

 

 

June 30,

 

 

 

 

2025

 

 

2024

 

 

Stock options

 

 

11,675,136

 

 

 

10,783,798

 

 

PSUs

 

 

275,550

 

 

 

195,000

 

 

RSUs

 

 

316,957

 

 

 

 

 

Warrants

 

 

40,000

 

 

 

40,000

 

 

Total

 

 

12,307,643

 

 

 

11,018,798