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Net Loss Per Share
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share

15. Net loss per share

Basic and diluted net loss per common share are calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, without consideration for common stock equivalents. The Company was in a loss position for all periods presented, and basic net loss per share and diluted net loss per share are therefore the same for all periods, as the inclusion of all potential common securities outstanding would have been anti-dilutive.

The following securities were excluded from the computation of net loss per diluted share of common stock for periods presented as their effect would have been anti-dilutive:

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Options to purchase common stock

 

 

22,942

 

 

 

25,062

 

 

 

26,849

 

Unvested RSUs

 

 

3,828

 

 

 

3,570

 

 

 

2,341

 

Total

 

 

26,770

 

 

 

28,632

 

 

 

29,190