Net Loss per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2025

Net Loss per Share Attributable to Common Stockholders

Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The diluted net loss per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents during the period. For purposes of this calculation, the Company’s stock options, share purchase rights pursuant to the Company’s ESPP, and unvested restricted stock are considered to be potential common stock equivalents, but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is antidilutive.

The following table presents the calculation of basic and diluted net loss per share (in thousands, except share and per share data):


	Three Months Ended March 31,
	2025		2024


Numerator:
Net loss and comprehensive loss attributable to common stockholders	$	(9,324)	$	(11,053)
Denominator for basic and diluted net loss per share:
Weighted average common shares outstanding, basic and diluted	54,060,249		40,225,239
Net loss per share attributable to common stockholders – basic and diluted	$	(0.17)	$	(0.27)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common shares outstanding would have been antidilutive. The weighted average potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented are as follows:


	Three Months Ended March 31,
	2025	2024
RSUs	2,287,700	4,688,348
Stock options	3,960,307	7,780,188
Shares issuable pursuant to the ESPP	1,401,770	315,270
Bonus Plan	190,995	—