NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2025

Basic and diluted net loss per share is presented in conformity with the two-class method required for participating securities. Basic net loss per share attributable to common stockholders is calculated by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period.

As the Company has reported net losses attributable to common stockholders for all periods presented, all potentially dilutive securities are anti-dilutive and accordingly, basic net loss per share attributable to common stockholders equals diluted net loss per share attributable to common stockholders.

The following weighted-average potentially dilutive shares are excluded from the calculation of diluted earnings per share as they are anti-dilutive:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
RSUs and PSUs subject to future vesting	7,603,190	7,797,263	7,647,901	7,718,910
Shares issuable pursuant to the ESPP	252,012	462,177	468,028	397,394
Shares of common stock issuable from stock options	2,638,716	3,477,429	2,855,451	3,772,744
Total	10,493,918	11,736,869	10,971,380	11,889,048