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Net Loss per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Loss Per Share

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(311,351

)

 

$

(223,858

)

 

$

(146,962

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

 

 

68,998,592

 

 

 

62,346,666

 

 

 

55,365,499

 

Weighted average pre-funded warrants outstanding, basic and diluted

 

 

15,491,993

 

 

 

12,697,325

 

 

 

3,000,000

 

Total weighted average common stock outstanding, basic and diluted

 

 

84,490,585

 

 

 

75,043,991

 

 

 

58,365,499

 

Net Loss per share:

 

 

 

 

 

 

 

 

 

Net loss per share, basic and diluted

 

$

(3.69

)

 

$

(2.98

)

 

$

(2.52

)

Schedule of Diluted Net Loss Per Share Attributable to Common Stockholders Anti-Diluted Effect The Company excluded the following from the computation of diluted net loss per share attributable to common stockholders at December 31, 2025, 2024 and 2023 because including them would have had an anti-dilutive effect:

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Unvested Restricted Stock Units

 

 

1,345,155

 

 

 

749,604

 

 

 

593,140

 

Options to purchase Common Stock

 

 

9,003,748

 

 

 

9,447,790

 

 

 

8,113,164

 

Total

 

 

10,348,903

 

 

 

10,197,394

 

 

 

8,706,304