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

Basic and diluted loss per share was calculated as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(In thousands)

 

Net loss

 

$

(101,255

)

 

$

(146,975

)

 

$

(215,584

)

 

$

(254,411

)

Weighted average shares outstanding, basic and diluted

 

 

103,732

 

 

 

96,975

 

 

 

103,617

 

 

 

96,238

 

Net loss per share, basic and diluted

 

$

(0.98

)

 

$

(1.52

)

 

$

(2.08

)

 

$

(2.64

)

Potential Dilutive Securities Excluded from Computation of Diluted Net Loss Per Common Share

The following common stock equivalents were excluded from the calculation of diluted loss per share because their inclusion would have been anti-dilutive:

 

 

Three and Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

 

(In thousands)

 

Unvested restricted stock units

 

 

5,282

 

 

 

5,371

 

Stock options

 

 

5,442

 

 

 

5,709

 

 

 

10,724

 

 

 

11,080