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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Loss Per Share
As the Company uses the two-class method required for companies with multiple classes of common stock, the following tables present the calculation of basic and diluted net loss per share for each class of the Company’s common stock outstanding (in thousands, except share and per share amounts):
Three months ended June 30, 2025
Class AClass BTotal
Common Stock
Numerator:
Allocation of undistributed earnings$(12,362)$(1,472)$(13,834)
Numerator for basic and diluted net loss per share – loss available to common stockholders$(12,362)$(1,472)$(13,834)
Denominator:
Weighted-average common shares outstanding221,966,87426,426,937248,393,811
Denominator for basic and diluted net loss per share – weighted-average common stock221,966,87426,426,937248,393,811
Basic and diluted net loss per share$(0.06)$(0.06)$(0.06)
Three months ended June 30, 2024
Class AClass BTotal
Common Stock
Numerator:
Allocation of undistributed earnings$(13,745)$(1,961)$(15,706)
Numerator for basic and diluted net loss per share – loss available to common stockholders$(13,745)$(1,961)$(15,706)
Denominator:
Weighted-average common shares outstanding185,236,61726,426,937211,663,554
Denominator for basic and diluted net loss per share – weighted-average common stock185,236,61726,426,937211,663,554
Basic and diluted net loss per share$(0.07)$(0.07)$(0.07)
Six months ended June 30, 2025
Class AClass BTotal
Common Stock
Numerator:
Allocation of undistributed earnings$(24,761)$(3,040)$(27,801)
Numerator for basic and diluted net loss per share – loss available to common stockholders$(24,761)$(3,040)$(27,801)
Denominator:
Weighted-average common shares outstanding215,268,94726,426,937241,695,884
Denominator for basic and diluted net loss per share – weighted-average common stock215,268,94726,426,937241,695,884
Basic and diluted net loss per share$(0.12)$(0.12)$(0.12)
Six months ended June 30, 2024
Class AClass BTotal
Common Stock
Numerator:
Allocation of undistributed earnings$(32,758)$(4,709)$(37,467)
Numerator for basic and diluted net loss per share – loss available to common stockholders$(32,758)$(4,709)$(37,467)
Denominator:
Weighted-average common shares outstanding183,841,56426,426,937210,268,501
Denominator for basic and diluted net loss per share – weighted-average common stock183,841,56426,426,937210,268,501
Basic and diluted net loss per share$(0.18)$(0.18)$(0.18)
Schedule of Anti-Dilutive Common Equivalent Shares
The following table summarizes the Company’s anti-dilutive common equivalent shares:
June 30,
20252024
Outstanding options to purchase common stock6,057,0387,022,739
Outstanding restricted stock units20,451,49121,944,400
Outstanding employee stock purchase plan options
1,949,593
Outstanding warrants20,652,69020,652,690
Total anti-dilutive common equivalent shares49,110,81249,619,829