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Net Loss Per Share | 3 Months Ended
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Mar. 31, 2026
Earnings Per Share [Abstract] |
NET LOSS PER SHARE | (11) NET LOSS PER SHARE The following table sets forth the computation of the basic and diluted net loss per share for the three months ended March 31, 2026 and 2025 (in thousands, except share and per share data):
|  | Three Months Ended |
|  | March 31, |
|  | 2026 |  |  | 2025 |
Numerator: |  |  |  |  |  |
Net loss |  | $ | (17,927 | ) |  | $ | (30,754 | )
Denominator: |  |  |  |  |  |
Weighted-average shares of common stock outstanding, basic and diluted |  |  | 104,573,657 |  |  |  | 53,359,338 |
Net loss per share, basic and diluted |  | $ | (0.17 | ) |  | $ | (0.58 | )
The weighted average shares of common shares outstanding includes pre-funded warrants to purchase 17,260,613 shares of common stock and 1,250,000 shares of common stock for the three months ended March 31, 2026 and 2025, respectively. Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods presented as the inclusion of all potential common stock outstanding would have been anti-dilutive. The following outstanding potentially dilutive securities were excluded from the computation of diluted net loss per share for the three months ended March 31, 2026 and 2025 because including them would have been anti-dilutive:
|  | Three Months Ended |
|  | March 31, |
|  | 2026 |  |  | 2025 |
Stock options to purchase common stock |  |  | 16,220,743 |  |  |  | 12,099,944 |
Unvested RSUs |  |  | 149,177 |  |  |  | 594,552 |
Unvested PSUs |  |  | — |  |  |  | 72,000 |
ESPP estimated shares issuable |  |  | 4,570 |  |  |  | 37,684 |
Total |  |  | 16,374,490 |  |  |  | 12,804,180 |

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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 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: 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 4: 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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