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Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule 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 March 31,

 

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

112,879

 

 

$

(26,374

)

Denominator:

 

 

 

 

 

 

Weighted-average number of common shares, basic

 

 

57,862,674

 

 

 

46,246,889

 

Weighted-average number of common shares, diluted

 

 

59,398,600

 

 

 

46,246,889

 

Net loss per share, basic

 

$

1.95

 

 

$

(0.57

)

Net loss per share, diluted

 

$

1.90

 

 

$

(0.57

)

Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Loss Per Share

The Company excluded the following potential common stock, presented based on amounts outstanding at March 31, 2025 and 2024 from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect.

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

Outstanding options to purchase common stock

 

 

7,214,876

 

 

 

7,439,396

 

Restricted stock units

 

 

589,219

 

 

 

2,410,752

 

Performance stock units

 

 

73,000

 

 

 

 

Total

 

 

7,877,095

 

 

 

9,850,148