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INCOME (LOSS) PER SHARE | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
INCOME (LOSS) PER SHARE | INCOME (LOSS) PER SHARE Basic and diluted income (loss) per share of common stock are calculated as follows (in thousands, except share and per share data):
| THREE MONTHS ENDED SEPTEMBER 30, |  | NINE MONTHS ENDED SEPTEMBER 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders - basic and diluted | $ | (7,280) |  |  | $ | (52,956) |  |  | $ | 110,475 |  |  | $ | (141,327) |
Denominator: |  |  |  |  |  |  |
Weighted-average shares of common stock outstanding - basic | 40,623,364 |  |  | 37,590,727 |  |  | 40,598,777 |  |  | 36,463,906 |
Effect of potentially dilutive stock options | — |  |  | — |  |  | 424,342 |  |  | — |
Effect of potentially dilutive employee stock purchase plan shares | — |  |  | — |  |  | — |  |  | — |
Effect of potentially dilutive restricted stock units | — |  |  | — |  |  | 179,252 |  |  | — |
Total potentially dilutive securities | — |  |  | — |  |  | 603,594 |  |  | — |
Weighted-average shares of common stock outstanding used to compute diluted net loss1 | 40,623,364 |  |  | 37,590,727 |  |  | 41,202,371 |  |  | 36,463,906 |
Net income (loss) per share of common stock |  |  |  |  |  |  |
Basic | $ | (0.18) |  |  | $ | (1.41) |  |  | $ | 2.72 |  |  | $ | (3.88) |
Diluted | $ | (0.18) |  |  | $ | (1.41) |  |  | $ | 2.68 |  |  | $ | (3.88) |
The Company excluded the following from the computation of diluted net income (loss) per share attributable to common stockholders as of September 30, 2025 and 2024 because including them would have had an anti-dilutive effect:
| THREE MONTHS ENDED SEPTEMBER 30, |  | NINE MONTHS ENDED SEPTEMBER 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
RSU awards | 55,087 |  |  | — |  |  | 18,564 |  |  | — |
Options to purchase common stock | 4,407,885 |  |  | 5,257,234 |  |  | 4,711,081 |  |  | 5,257,234 |
Employee stock purchase plan shares | 8,976 |  |  | 34,466 |  |  | 8,976 |  |  | 34,466 |
Total | 4,471,948 |  |  | 5,291,700 |  |  | 4,738,621 |  |  | 5,291,700 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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