NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2026

NET LOSS PER SHARE

NET LOSS PER SHARE

NOTE 6  NET LOSS PER SHARE

Basic net loss per common share is calculated by dividing the net loss by the weighted-average number of common shares outstanding during the period, without consideration of potentially dilutive securities. Diluted net loss per share is computed by dividing the net loss by the weighted-average number of common shares and potentially dilutive securities outstanding for the period. For purposes of the diluted net loss per share calculation, common stock options and unvested restricted stock units are considered to be potentially dilutive securities. The Company’s participating securities do not have a contractual obligation to share in the Company’s losses. As such, the net loss was attributed entirely to common stockholders. As the Company has reported a net loss for all periods presented, diluted net loss per common share is the same as basic net loss per common share for those periods.

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share data):

	Three Months Ended March 31,
	2026		2025
Numerator
Net loss	$	(49,013)	$	(40,798)
Denominator
Weighted-average shares outstanding used in computing net loss per share, basic and diluted		107,116,709		95,130,053
Net loss per share, basic and diluted	$	(0.46)	$	(0.43)

The following weighted average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive:

	Three Months Ended March 31,
	2026		2025
Options to purchase common stock		18,676,439		16,776,912
Unvested restricted stock units		1,228,665		670,137
Total		19,905,104		17,447,049