Net Loss Per Share

9 Months Ended

Sep. 30, 2025

3. Net Loss Per Share

The following tables summarize the computation of the basic and diluted net loss per share (in thousands except share and per share data):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
Numerator:
Net loss	$	(21,715	)	$	(28,344	)	$	(76,675	)	$	(82,855	)
Denominator:
Weighted average common shares outstanding		71,024,512			70,563,285			70,973,247			63,882,940
Add: weighted average of common stock to be issued upon exercise of pre-funded warrants		3,000,031			3,000,031			3,000,031			2,058,415
Weighted average shares used to compute net loss per share, basic and diluted		74,024,543			73,563,316			73,973,278			65,941,355
Net loss per share, basic and diluted	$	(0.29	)	$	(0.39	)	$	(1.04	)	$	(1.26	)

The following table summarizes the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be antidilutive:


	As of September 30,
	2025		2024
Common stock options		10,948,880		9,101,686
Restricted stock units		661,636		1,183,129
		11,610,516		10,284,815