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Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Computation of Net Loss per Share

Computation of net loss per share for the three and nine months ended September 30, 2025 and 2024 was as follows (in thousands, except per share data):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss from continuing operations

 

$

(31,684

)

 

$

(21,919

)

 

$

(72,727

)

 

$

(63,766

)

Less: Induced conversion of redeemable preferred stock

 

 

 

 

 

 

 

 

 

 

 

(46,014

)

Net loss from continuing operations attributable to common stockholders

 

 

(31,684

)

 

 

(21,919

)

 

 

(72,727

)

 

 

(109,780

)

Less: Net loss from discontinued operations

 

 

(3,003

)

 

 

(5,019

)

 

 

(21,452

)

 

 

(41,047

)

Net loss attributable to common stockholders

 

$

(34,687

)

 

$

(26,938

)

 

$

(94,179

)

 

$

(150,827

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding during the period

 

 

382,630

 

 

 

371,538

 

 

 

380,468

 

 

 

346,093

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share, basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

 

$

(0.08

)

 

$

(0.06

)

 

$

(0.19

)

 

$

(0.32

)

From discontinued operations

 

$

(0.01

)

 

$

(0.01

)

 

$

(0.06

)

 

$

(0.12

)

Attributable to common stockholders

 

$

(0.09

)

 

$

(0.07

)

 

$

(0.25

)

 

$

(0.44

)

Schedule of Potential Dilutive Common Shares Excluded from Computations of Diluted Net Loss Per Share Attributed to Common Stockholders

The following potentially dilutive common shares were excluded from the computations of diluted net loss per share for the periods presented because including them would have been anti-dilutive (in thousands):

 

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

RSUs, PSUs, stock options, restricted shares and ESPP shares

 

 

56,030

 

 

 

54,664

 

2019 Notes

 

 

 

 

 

18,966

 

2014 Notes

 

 

5

 

 

 

5

 

Warrants

 

 

11,692

 

 

 

11,692

 

Total

 

 

67,727

 

 

 

85,327