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Net (loss) income per common share | 6 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
Net (loss) earnings per common share | 13. Net (loss) earnings per common share Basic and diluted net (loss) earnings per share is calculated based upon the weighted-average number of shares of common stock outstanding during the period. Shares of the Company's common stock underlying pre-funded warrants are included in the calculation of the basic and diluted earnings per share. Basic and diluted net (loss) earnings per share are as follows (in thousands except share and per share amounts):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Net (loss) income |  | $ | (43,397 | ) |  | $ | (12,295 | ) |  | $ | (87,900 | ) |  | $ | 34,590 |
Basic weighted average shares outstanding |  |  | 101,478,945 |  |  |  | 82,186,768 |  |  |  | 100,685,824 |  |  |  | 82,167,849 |
Effect of potentially dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Stock options to purchase common stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 651,925 |
Restricted stock units |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 70,289 |
Diluted weighted average shares outstanding |  |  | 101,478,945 |  |  |  | 82,186,768 |  |  |  | 100,685,824 |  |  |  | 82,890,063 |
Basic net (loss) earnings per share |  | $ | (0.43 | ) |  | $ | (0.15 | ) |  | $ | (0.87 | ) |  | $ | 0.42 |
Diluted net (loss) earnings per share |  | $ | (0.43 | ) |  | $ | (0.15 | ) |  | $ | (0.87 | ) |  | $ | 0.42 |
The following outstanding potentially dilutive securities have been excluded from the calculation of diluted net (loss) earnings per common share, as their effect is anti-dilutive:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Stock options to purchase common stock |  |  | 15,939,132 |  |  |  | 15,190,513 |  |  |  | 15,939,132 |  |  |  | 14,538,588 |
Restricted stock units |  |  | 1,170,738 |  |  |  | 777,325 |  |  |  | 1,170,738 |  |  |  | 707,036 |

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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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