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Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Potential Common Shares Excluded from Computation of Diluted Net Loss per Share The Company excluded the following potential common shares, presented based on amounts outstanding at period end, from the computation of diluted net loss per share because including them would have had an anti-dilutive effect:

 

 

As of September 30,

 

 

 

2025

 

 

2024

 

Unvested restricted stock

 

 

2,781,885

 

 

 

3,213,366

 

Outstanding options to purchase common stock

 

 

11,548,228

 

 

 

10,044,622

 

Total

 

 

14,330,113

 

 

 

13,257,988

 

Summary of Computation of Basic and Diluted Net Loss per Share

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(112,728

)

 

$

(96,668

)

 

$

(324,289

)

 

$

(286,388

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

 

 

102,570,801

 

 

 

82,410,095

 

 

 

97,567,229

 

 

 

82,141,383

 

Net loss per common share, basic and diluted

 

$

(1.10

)

 

$

(1.17

)

 

$

(3.32

)

 

$

(3.49

)