Net Loss per Common Share

6 Months Ended

Jun. 30, 2025

12. Net Loss per Common Share

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Numerator:
Net loss	$	(42,151	)	$	(37,657	)	$	(134,376	)	$	(104,080	)
Denominator:
Weighted-average number of common shares used in net loss per common share - basic and diluted		126,024			123,904			125,740			123,430
Net loss per common share - basic and diluted	$	(0.33	)	$	(0.30	)	$	(1.07	)	$	(0.84	)

Shares outstanding presented below were excluded from the calculation of diluted net loss per share, prior to the use of the treasury stock method, as their effect is anti-dilutive (in thousands):


	As of June 30,
	2025		2024
Convertible notes		2,379		2,379
Stock options to purchase common stock		9,338		8,299
Unvested restricted stock units		4,876		4,381
Shares expected to be purchased under employee stock purchase plan		112		67
Total		16,705		15,126