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Net Loss Per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Net Loss Per Share | 9. Net Loss Per Share Basic net loss per share of common stock is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. The following table sets forth the computation of basic and diluted net loss per share attributable to common shareholders:
|  | Three months ended |  |  | Nine months ended |
|  | September 30, |  |  | September 30, |
(in thousands, except share and per share amounts) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (35,249 | ) |  | $ | (54,027 | ) |  | $ | (105,771 | ) |  | $ | (146,209 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding, basic and diluted |  |  | 70,667,570 |  |  |  | 58,880,427 |  |  |  | 67,694,970 |  |  |  | 58,363,174 |
Net loss per share, basic and diluted |  | $ | (0.50 | ) |  | $ | (0.92 | ) |  | $ | (1.56 | ) |  | $ | (2.51 | )
The table below provides potentially dilutive securities not included in the calculation of the diluted net loss per share (in common stock equivalent shares) at September 30, 2024 and 2023, because to do so would be anti-dilutive:
|  | September 30, |
|  | 2024 |  |  | 2023 |
Shares issuable upon exercise of stock options |  |  | 10,483,769 |  |  |  | 8,975,249 |
Shares issuable upon conversion of Series A non-voting preferred stock |  |  | 7,060,100 |  |  |  | — |
Unvested restricted stock units |  |  | 429,042 |  |  |  | 752,737 |
Unvested restricted stock awards |  |  | — |  |  |  | 21,177 |
Shares purchasable under the 2021 Employee Stock Purchase Plan |  |  | 55,590 |  |  |  | 12,297 |
Total |  |  | 18,028,501 |  |  |  | 9,761,460 |

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