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Net Income (Loss) Per Share Allocable to Common Stockholders (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share Allocable to Common Stockholders | The following table sets forth the computation of basic and diluted net income (loss) per share allocable to common stockholders for the three and six months ended June 30, 2025 and 2024 (in thousands, except share and per-share data):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 15,886 |  |  | $ | 13,836 |  |  | $ | (1,824) |  |  | $ | (42,988) |
Less: Undistributed earnings allocable to participating securities | (2,628) |  |  | (4,208) |  |  | — |  |  | — |
Net income (loss) allocable to shares of common stock - basic and diluted | $ | 13,258 |  |  | $ | 9,628 |  |  | $ | (1,824) |  |  | $ | (42,988) |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares outstanding - basic | 25,980,262 |  |  | 16,723,479 |  |  | 25,941,670 |  |  | 11,068,749 |
Dilutive effect of employee equity incentive plans | 466,989 |  |  | 1,067,664 |  |  | — |  |  | — |
Weighted-average common shares outstanding - diluted | 26,447,251 |  |  | 17,791,143 |  |  | 25,941,670 |  |  | 11,068,749 |
Net income (loss) per share: |  |  |  |  |  |  |
Basic | $ | 0.51 |  |  | $ | 0.58 |  |  | $ | (0.07) |  |  | $ | (3.88) |
Diluted | $ | 0.50 |  |  | $ | 0.54 |  |  | $ | (0.07) |  |  | $ | (3.88) |
Schedule of Potential Dilutive Shares of Common Stock Excluded from the Computation of the Diluted Net Income (Loss) Per Share Allocable to Common Stockholders | The following table represents the potential dilutive shares of common stock excluded from the computation of the diluted net income (loss) per share allocable to common stockholders for all periods presented, as the effect would have been anti-dilutive:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Common stock options and restricted stock units | 2,336,681 |  |  | 740,211 |  |  | 3,030,053 |  |  | 2,344,017 |
Warrants to purchase common stock | 692,523 |  |  | 975,132 |  |  | 692,523 |  |  | 975,132 |
Series A Preferred Stock | 4,026,346 |  |  | 5,544,719 |  |  | 4,026,346 |  |  | 5,544,719 |
Series B Preferred Stock | 437,927 |  |  | — |  |  | 437,927 |  |  | — |
Total | 7,493,477 |  |  | 7,260,062 |  |  | 8,186,849 |  |  | 8,863,868 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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