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NET LOSS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings Per Share
The following table presents the calculation of the Company’s basic and diluted net loss per share:
Three Months Ended
(in thousands, except share and per share data)March 31,
2026
March 31,
2025
Numerator
Net loss$(93,187)$(106,213)
Denominator
Weighted average shares of common stock—basic and diluted
40,640,87934,308,435
Net loss per share
Basic and Diluted$(2.29)$(3.10)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following common stock equivalents were excluded from the calculation of diluted net loss per share for the periods presented as they had an anti-dilutive effect:
Three Months Ended
March 31,
2026
March 31,
2025
Unvested restricted stock units5,651,1136,053,715
Unvested performance options104,315104,315
Shares issuable under ESPP73,947
Unvested performance stock units
21,001
Total
5,850,3766,158,030