Net loss per share

3 Months Ended

Mar. 31, 2025

As of March 31, 2025, the Company had Class A common stock and Class B common stock. Both share classes have the same rights to the Company’s earnings and neither of the classes have any prior or senior rights to dividends to the other share class.

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share amounts):


	Three Months Ended March 31,
	2025		2024
Numerator:
Net loss	$	(11,263)	$	(13,322)
Denominator:
Weighted average Class A common shares outstanding—basic and diluted	39,052,830		37,936,306
Weighted average Class B common shares outstanding—basic and diluted	4,940,529		5,309,529
Total shares for EPS—basic and diluted	43,993,359		43,245,835
Net loss per share attributable to Class A common stockholders—basic and diluted	$	(0.26)	$	(0.31)
Net loss per share attributable to Class B common stockholders—basic and diluted	$	(0.26)	$	(0.31)

The Company’s potentially dilutive securities, which include stock options, restricted stock units, and common stock warrants, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:


	March 31,
	2025	2024
Options to purchase common stock	6,953,726	7,111,175
Unvested restricted common stock	2,631,900	1,822,884
Warrants to purchase common stock	284,165	286,324
Options to purchase common stock under ESPP	13,444	11,559
	9,883,235	9,231,942