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Net Loss Per Share | 9 Months Ended
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Sep. 30, 2025
Net Loss Per Share |
Net Loss Per Share | 13. Net Loss Per Share Basic net loss per share was calculated as follows for the three and nine months ended September 30, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |  | ​ |
Net loss attributable to common stockholders | ​ | $ | (69,418) | ​ | $ | (36,493) | ​ | $ | (201,285) | ​ | $ | (145,118)
Denominator: | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |
Weighted average common shares outstanding, basic | ​ |  | 183,919,808 | ​ |  | 166,992,735 | ​ |  | 175,356,729 | ​ |  | 154,990,112
Net loss per share - basic | ​ | $ | (0.38) | ​ | $ | (0.22) | ​ | $ | (1.15) | ​ | $ | (0.94)
​ For the three and nine months ended September 30, 2025 and 2024, respectively, there was no dilutive impact from potentially issuable common shares. Therefore, diluted net loss per share was the same as basic net loss per share. As of September 30, 2025 and September 30, 2024, 9,713,684 and 10,805,957, respectively, outstanding Pre-Funded Warrants (Note 10) are included in the calculation of basic and diluted net loss per share. The Company excluded the following potentially issuable common shares, outstanding as of September 30, 2025 and 2024, respectively, from the computation of diluted net loss per share for the three and nine months ended September 30, 2025 and 2024, respectively, because they had an anti-dilutive impact: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ | ​ | 2025 |  | 2024 |  | 2025 |  | 2024
Options to purchase common stock | ​ | ​ | 21,936,593 | ​ | ​ | 19,784,690 | ​ | ​ | 21,936,593 | ​ | ​ | 19,784,690
RSUs | ​ | ​ | 4,641,629 | ​ | ​ | 3,015,829 | ​ | ​ | 4,641,629 | ​ | ​ | 3,015,829
PSUs | ​ | ​ | 1,500,000 | ​ | ​ | — | ​ | ​ | 1,500,000 | ​ | ​ | —
​ | ​ | ​ | 28,078,222 | ​ | ​ | 22,800,519 | ​ | ​ | 28,078,222 | ​ | ​ | 22,800,519
​

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