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Net Loss Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share

14. Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share for the periods presented:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands, except share and per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(16,431

)

 

$

(22,945

)

 

$

(56,609

)

 

$

(46,038

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used in computing net loss per share, basic and diluted

 

 

117,263,245

 

 

 

110,771,942

 

 

 

115,334,116

 

 

 

108,920,791

 

Net loss per share, basic and diluted

 

$

(0.14

)

 

$

(0.21

)

 

$

(0.49

)

 

$

(0.42

)

The potential shares of ordinary shares that were excluded from the computation of diluted net loss per share for the periods presented because including them would have been anti-dilutive are as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Outstanding share options

 

 

1,953,012

 

 

 

3,469,038

 

 

 

2,363,912

 

 

 

3,894,645

 

Unvested RSUs

 

 

10,780,956

 

 

 

11,331,138

 

 

 

10,831,230

 

 

 

10,483,367

 

Share purchase rights under the ESPP

 

 

188,319

 

 

 

214,345

 

 

 

209,461

 

 

 

169,366

 

Issuable ordinary shares related to business combination

 

 

524,772

 

 

 

688,763

 

 

 

676,990

 

 

 

231,264

 

Total

 

 

13,447,059

 

 

 

15,703,284

 

 

 

14,081,593

 

 

 

14,778,642