Net Loss Per Share Attributable to Common Stockholders (Tables)

3 Months Ended

Mar. 31, 2025

Net Loss Per Share Attributable to Common Stockholders

Schedule of computation of the basic and diluted net loss per share

The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders for the three months ended March 31, 2025 and 2024 (in thousands, except share and per share amounts):

	Three Months Ended March 31,
	2025		2024
Numerator:
Net loss	$	(98,963)	$	(49,849)
Denominator:
Weighted-average shares of common stock outstanding		54,407,327		2,679,165
Less: Weighted-average shares of common stock subject to repurchase		(127,063)		(309,114)
Weighted-average shares of common stock outstanding, basic and diluted		54,280,264		2,370,051
Net loss per share attributable to common stockholders, basic and diluted	$	(1.82)	$	(21.03)

Schedule of outstanding potentially dilutive securities were excluded from computation of diluted net loss per share

	March 31, 2025	March 31, 2024
Stock options issued and outstanding	13,245,589	5,565,543
Unvested restricted common stock and early exercised stock options	102,950	275,295
Common stock issuable under the 2024 ESPP	158,031	—
Redeemable convertible preferred stock issued and outstanding, as converted	—	27,213,865
Total	13,506,570	33,054,703