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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 | 10. Net Loss Per Share Net Loss Per Share Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share data):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (30,359 | ) |  | $ | (36,952 | ) |  | $ | (59,025 | ) |  | $ | (71,079 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic and diluted |  |  | 129,948,878 |  |  |  | 129,730,451 |  |  |  | 129,931,225 |  |  |  | 129,704,655 |
Net loss per share, basic and diluted |  | $ | (0.23 | ) |  | $ | (0.28 | ) |  | $ | (0.45 | ) |  | $ | (0.55 | )
The 62,246,707 shares of the Company's common stock issuable upon exercise of the Pre-Funded Warrants described in Note 5 are included as outstanding common stock in the calculation of basic and diluted net loss per share. The Company has two classes of common stock, each with identical participation rights to earnings and liquidation preferences, and therefore the calculation of net loss per share as described above is identical to the calculation under the two-class method. The Company excluded the following potential common shares 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 |  |  | 20,349,469 |  |  |  | 17,917,902 |
Potential shares issuable under the 2021 employee stock purchase plan |  |  | 200,755 |  |  |  | 109,984 |
Total |  |  | 20,550,224 |  |  |  | 18,027,886 |

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