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Net Loss Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Net Loss Per Share | 8. Net Loss Per Share The Company calculates basic net loss per share by dividing net loss by the weighted-average number of shares of common stock outstanding, excluding restricted common stock. The weighted-average number of shares of common stock used in the basic and diluted net loss per share calculation include pre-funded warrants to purchase up to 38,543,577 shares of common stock, as the pre-funded warrants are exercisable at any time for nominal cash consideration. The Company has generated a net loss in all periods presented, so the basic and diluted net loss per share are the same, as the inclusion of the potentially dilutive securities would be anti-dilutive. The following outstanding potentially dilutive shares have been excluded from the calculation of diluted net loss per share due to their anti-dilutive effect:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Stock options to purchase common stock |  |  | 20,020,180 |  |  |  | 11,937,414 |  |  |  | 20,020,180 |  |  |  | 11,937,414 |
Shares subject to Employee Stock Purchase Plan |  |  | 58,184 |  |  |  | 7,850 |  |  |  | 58,184 |  |  |  | 7,850 |
Unvested restricted stock units |  |  | 1,452,999 |  |  |  | 867,298 |  |  |  | 1,452,999 |  |  |  | 867,298 |
Common warrants |  |  | 8,104,615 |  |  |  | 8,104,615 |  |  |  | 8,104,615 |  |  |  | 8,104,615 |
Total |  |  | 29,635,978 |  |  |  | 20,917,177 |  |  |  | 29,635,978 |  |  |  | 20,917,177 |

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