Net Loss Per Common Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Loss Per Common Share

The following table summarizes the computation of basic and diluted net loss per common share (in thousands, except per share amounts):

	Year Ended December 31,
	2025		2024		2023
Numerator
Net loss	$	(585,525)	$	(69,459)	$	(56,945)
Denominator
Weighted-average common shares outstanding, basic and diluted	91,225		58,410		57,932
Net loss per common share, basic and diluted	$	(6.42)	$	(1.19)	$	(0.98)

Schedule of Dilutive Common Stock Equivalents

The following potentially dilutive common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive (in thousands):

	Year Ended December 31,
	2025	2024	2023
Common stock warrants	65,226	310	476
Common stock options	55,438	49,157	42,630
Redeemable convertible preferred stock	14,597	62,240	62,240
Redeemable convertible preferred stock warrants	—	1,305	1,305
Total	135,261	113,012	106,651