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Net Loss Per Common Share (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2025, 2024 and 2023:

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(345,910

)

 

$

(234,330

)

 

$

(182,393

)

Denominator:

 

 

 

 

 

 

 

 

 

Common shares (weighted average)

 

 

77,080,670

 

 

 

75,721,562

 

 

 

64,739,678

 

Pre-funded warrants (weighted average)

 

 

2,173,081

 

 

 

2,173,081

 

 

 

2,149,327

 

Weighted average common shares
   outstanding – basic and diluted

 

 

79,253,751

 

 

 

77,894,643

 

 

 

66,889,005

 

Net loss per common share – basic and diluted

 

$

(4.36

)

 

$

(3.01

)

 

$

(2.73

)

Summary of Potentially Dilutive Securities The following table summarizes these potentially dilutive securities:

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Stock options

 

 

11,074,720

 

 

 

10,709,289

 

 

 

8,894,502

 

RSUs

 

 

348,994

 

 

 

 

 

 

 

PSUs

 

 

257,450

 

 

 

210,000

 

 

 

 

Warrants

 

 

 

 

 

40,000

 

 

 

40,000

 

Total

 

 

11,681,164

 

 

 

10,959,289

 

 

 

8,934,502