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Net Loss Per Share | 6 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
Net Loss Per Share | 9. Net Loss Per Share The Company has generated a net loss in all periods presented, therefore the basic and diluted net loss per share are the same as the inclusion of the potentially dilutive securities would be anti-dilutive. Basic and diluted net loss per share are computed using the weighted-average number of shares of common stock outstanding for the period. The Company issued pre-funded warrants in December 2025 and April 2026. The shares of common stock underlying the pre-funded warrants are included in the calculation of basic and diluted net loss per share because they are considered shares issuable for little or no consideration under ASC 260, Earnings Per Share. Refer to Note 7, Related Party Transactions, for additional details on the December 2025 and April 2026 pre-funded warrants issuance. The following table shows the computation of basic and diluted net loss per share (in thousands, except share and per share data):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (13,498 | ) |  | $ | (8,666 | ) |  | $ | (27,220 | ) |  | $ | (29,447 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic and diluted |  |  | 54,256,071 |  |  |  | 67,585,121 |  |  |  | 51,029,617 |  |  |  | 67,524,124 |
Weighted-average common shares outstanding under the pre-funded warrant, basic and diluted |  |  | 21,898,000 |  |  |  | — |  |  |  | 21,173,028 |  |  |  | — |
Weighted-average common shares outstanding, basic and diluted |  |  | 76,154,071 |  |  |  | 67,585,121 |  |  |  | 72,202,645 |  |  |  | 67,524,124 |
Net loss per share, basic and diluted |  | $ | (0.18 | ) |  | $ | (0.13 | ) |  | $ | (0.38 | ) |  | $ | (0.44 | )
The following table sets forth the outstanding potentially dilutive securities, presented as of period-end, that have been excluded in the calculation of diluted net loss per share for the periods presented because to do so would be anti-dilutive:
|  | June 30, |
|  | 2026 |  |  | 2025 |
Stock options to purchase common stock |  |  | 8,471,265 |  |  |  | 5,663,022 |
Unvested restricted stock awards and units |  |  | 137,500 |  |  |  | 627,710 |
Shares of common stock issuable under Employee Stock Purchase Plan |  |  | 1,316 |  |  |  | — |
Total potentially dilutive shares |  |  | 8,610,081 |  |  |  | 6,290,732 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482635/260-10-55-12 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 20 -Name Accounting Standards Codification -Section 05 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481468/505-20-05-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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