Net loss per share

6 Months Ended

Jun. 30, 2026

Net loss per share attributable to the common stockholders

As of June 30, 2026, 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 June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net loss	$	(12,923)	$	(11,858)	$	(27,198)	$	(23,121)
Denominator:
Weighted average Class A common shares outstanding—basic and diluted	43,847,134		40,149,073		42,508,793		39,602,755
Weighted average Class B common shares outstanding—basic and diluted	4,499,529		4,499,529		4,499,529		4,718,811
Total shares for EPS—basic and diluted	48,346,663		44,648,602		47,008,322		44,321,566
Net loss per share attributable to Class A common stockholders—basic and diluted	$	(0.27)	$	(0.27)	$	(0.58)	$	(0.52)
Net loss per share attributable to Class B common stockholders—basic and diluted	$	(0.27)	$	(0.27)	$	(0.58)	$	(0.52)

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:


	June 30,
	2026	2025
Options to purchase common stock	7,524,588	7,100,826
Unvested restricted stock units	3,628,664	3,174,572
Warrants to purchase common stock	10,510,370	284,165
Options to purchase common stock under ESPP	88,956	96,214
	21,752,578	10,655,777