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Net Income (Loss) Per Share | 3 Months Ended
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Mar. 31, 2026
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | 16. Net Income (Loss) Per Share Net Income (Loss) Per Share Basic net income (loss) and diluted net loss per share attributable to common stockholders was computed by dividing net loss by the weighted-average common shares outstanding for the period (in thousands, except share and per share data). Diluted net income per share attributable to common stockholders was computed by dividing net income by the weighted-average common shares outstanding and potentially dilutive shares for the period (in thousands, except share and per share data):
|  | THREE MONTHS ENDED MARCH 31, |
Numerator: |  | 2026 |  |  | 2025 |
Net income (loss) |  | $ | (8,861 | ) |  | $ | 7,379 |
Denominator: |  |  |  |  |  |
Weighted-average shares of common stock outstanding, basic |  |  | 62,361,897 |  |  |  | 50,482,278 |
Net income (loss) per share, basic |  | $ | (0.14 | ) |  | $ | 0.15 |
Add potentially dilutive shares: |  |  |  |  |  |
Dilutive effect of outstanding stock options (as converted to common stock) |  |  | — |  |  |  | 2,926,490 |
Dilutive effect of outstanding warrants for common stock |  |  | — |  |  |  | 1,357,074 |
Weighted-average shares of common stock outstanding, diluted |  |  | 62,361,897 |  |  |  | 54,765,842 |
Net income (loss) per share, diluted |  | $ | (0.14 | ) |  | $ | 0.13 |
The Company’s potentially dilutive securities have been excluded from the computation of dilutive net loss per share for the three months ended March 31, 2026, as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential shares of common stock from the computation of diluted net loss per share because including them would have had an anti-dilutive effect.
|  | AS OF MARCH 31, |
|  | 2026 |
Outstanding warrants for common stock |  |  | 7,762,350 |
Outstanding stock options (as converted to common stock) |  |  | 8,443,145 |
Unvested performance stock units |  |  | 300,000 |
|  |  | 16,505,495 |

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