Net Loss per Share (Tables)

6 Months Ended

Jun. 30, 2026

Net Loss per Share

Schedule of Computation of Basic and Diluted Net Loss Per Share

	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income (loss) attributable to common stockholders, basic	$	74,141	$	(16,295)	$	(41,205)	$	(22,826)
Change in fair value of the Convertible Loan		(91,018)		—		—		—
Net loss attributable to common stockholders, diluted	$	(16,877)	$	(16,295)	$	(41,205)	$	(22,826)
Denominator:
Weighted average shares outstanding, basic		36,747,840		36,193,479		36,639,663		36,189,165
Shares issuable upon the conversion of the Convertible Loan		25,293,860		—		—		—
Weighted average common shares outstanding, diluted		62,041,700		36,193,479		36,639,663		36,189,165
Net income (loss) per share, basic	$	2.02	$	(0.45)	$	(1.12)	$	(0.63)
Net loss per share, diluted	$	(0.27)	$	(0.45)	$	(1.12)	$	(0.63)

Schedule of Antidilutive Securities Excluded from Computation of Diluted Weighted Shares Outstanding

	Three Months Ended		Six Months Ended
	June 30, 2026	June 30, 2025	June 30, 2026		June 30, 2025
Outstanding stock options	6,273,471	5,094,273	6,273,471		5,094,273
Unvested restricted stock units	135,000	202,500	135,000		202,500
Shares issuable upon the conversion of the Convertible Loan	—	23,692,982	25,293,860	(1)	23,692,982
Outstanding warrants	10,655,047	10,655,047	10,655,047		10,655,047
	17,063,518	39,644,802	42,357,378		39,644,802

(1) The Company determined the number of shares issuable upon the conversion of the Convertible Loan as of June 30, 2026, based on the Convertible Loan principal amount of $30.0 million, accrued and unpaid interest of $8.4 million, calculated at an annual interest rate of 8%, converted at $1.52 per share.