Net Loss Per Share

3 Months Ended

Sep. 30, 2025

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Diluted net loss per share is calculated by giving effect to all potentially dilutive securities outstanding for the period using the treasury stock method.

Basic net loss per share is the same as diluted net loss per share because the Company reported net losses for all periods presented. The following table sets forth the computation of basic and diluted net loss per share for the periods presented (in thousands, except per share data):


	Three Months Ended September 30,
		2025		2024
Numerator:
Net loss		$	(14,353)	$	(4,520)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted		81,878		75,604
Net loss per share, basic and diluted		$	(0.18)	$	(0.06)

The Company excluded the following potential shares of common stock from the calculation of diluted net loss per share because their effect would be anti-dilutive (in thousands):


	As of September 30,
	2025	2024
Outstanding stock options to purchase common stock	2,288	4,815
Unvested PSUs and RSUs	6,769	7,265
Shares issuable under ESPP	66	67
Total	9,123	12,147