Net Loss Per Share

12 Months Ended

Dec. 31, 2024

Note 9. Net Loss Per Share

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


	Year Ended December 31,
	2024			2023			2022
Numerator:
Net loss	$	(138,426	)	$	(117,255	)	$	(81,828	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		36,105,671			34,106,923			29,271,777
Net loss per share, basic and diluted	$	(3.83	)	$	(3.44	)	$	(2.80	)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all common stock equivalents outstanding would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	December 31,
	2024		2023		2022
Stock options, issued and outstanding		9,168,745		7,357,607		5,341,975
Estimated shares issuable under the ESPP		16,717		31,645		17,655
Restricted stock, issued and outstanding		—		111,920		292,236
Total		9,185,462		7,501,172		5,651,866