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Net Loss Per Share Attributable to Common Stockholders | 9 Months Ended
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Sep. 30, 2025
Net Loss Per Share Attributable to Common Stockholders |
Net Loss Per Share Attributable to Common Stockholders |
14. | Net Loss Per Share Attributable to Common Stockholders
The following table presents the computation of the basic and diluted net loss per share attributable to common stockholders for the three and nine months ended September 30, 2025 and 2024 (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 | ​ | $ | (110,752) | ​ | $ | (93,117) | ​ | $ | (150,394) | ​ | $ | (199,474)
Denominator: | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |
Weighted-average shares of common stock outstanding | ​ |  | 104,150,531 | ​ |  | 53,970,560 | ​ |  | 78,554,685 | ​ |  | 19,908,040
Less: Weighted-average shares of common stock subject to repurchase | ​ |  | (41,288) | ​ |  | (218,337) | ​ |  | (83,278) | ​ |  | (260,350)
Weighted-average shares of common stock outstanding, basic and diluted | ​ | ​ | 104,109,243 | ​ | ​ | 53,752,223 | ​ | ​ | 78,471,407 | ​ | ​ | 19,647,690
Net loss per share attributable to common stockholders, basic and diluted | ​ | $ | (1.06) | ​ | $ | (1.73) | ​ | $ | (1.92) | ​ | $ | (10.15)
​ The following outstanding potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been antidilutive: ​
​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | September 30,
​ |  | 2025 |  | 2024
Stock options issued and outstanding |  | 20,090,359 |  | 8,683,467
RSUs issued and outstanding | ​ | 2,670,905 | ​ | —
Common stock issuable under the 2024 ESPP | ​ | 241,027 | ​ | —
Early exercised stock options and unvested restricted common stock |  | 20,878 |  | 195,026
Total |  | 23,023,169 |  | 8,878,493
​

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