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Net Loss Per Share Attributable to Common Stockholders
9 Months Ended
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