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Net Loss Per Common Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Common Share

Basic and diluted net loss per common share was calculated as follows (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

 

$

(42,217)

 

$

(34,555)

 

$

(116,390)

 

$

(95,907)

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute net loss per share, basic and diluted¹

 

 

85,732,221

 

 

57,262,803

 

 

85,553,078

 

 

53,194,081

Net loss per share, basic and diluted

 

$

(0.49)

 

$

(0.60)

 

$

(1.36)

 

$

(1.80)

 

 

 

 

 

 

 

 

 

 

 

 

 

¹ For the three and nine months ended September 30, 2025, the weighted average shares used to compute net loss per share, basic and diluted, include the effect from the pre-funded warrants.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Anti-dilutive Shares Excluded from Calculation of Diluted Net Loss Per Share

The potentially dilutive shares that were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented are as follows:

 

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

Options to purchase common stock

 

 

15,486,430

 

 

 

11,374,048

 

Employee stock purchase plan contingently issuable

 

 

52,567

 

 

 

17,227

 

Unvested performance-based restricted stock unit awards

 

 

 

 

 

403,000

 

 

 

15,538,997

 

 

 

11,794,275