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NET LOSS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Schedule of calculation of basic and diluted earnings per share | The following table presents the calculation of the Company’s basic and diluted net loss per share to common stockholders:
| Three Months Ended |  | Nine Months Ended
(in thousands, except share and per share data) | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Numerator |  |  |  |  |  |  |
Net loss | $ | (88,977) |  |  | $ | (125,688) |  |  | $ | (309,175) |  |  | $ | (1,929,939) |
Denominator |  |  |  |  |  |  |
Weighted average shares of common stock—basic and diluted | 36,124,256 |  | 31,880,054 |  | 35,415,266 |  | 31,326,117
Net loss per share to common stockholders |  |  |  |  |  |  |
Basic | $ | (2.46) |  |  | $ | (3.94) |  |  | $ | (8.73) |  |  | $ | (61.61) |
Diluted | $ | (2.46) |  |  | $ | (3.94) |  |  | $ | (8.73) |  |  | $ | (61.61) |
Schedule of weighted-average stock equivalents excluded from the calculation of diluted net loss per share | The following common stock equivalents were excluded from the calculation of diluted net loss per share for the periods presented as they had an anti-dilutive effect:
| Three and Nine Months Ended
| September 30, 2025 |  | September 30, 2024
Unvested restricted stock units | 5,077,509 |  | 4,146,221
Employee stock purchase plan | 139,692 |  | —
Shares subject to options to purchase common stock | 104,315 |  | 104,315
Total | 5,321,516 |  | 4,250,536

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of the effect of income (loss) on basic earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482689/260-10-45-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-52 + Details
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