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Net Loss per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Summary of Basic and Diluted Net Loss per Share Attributable to Common Stockholders | Basic and diluted net income (loss) per share was calculated as follow:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
(in thousands, except share and per share data) | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 90,833 |  |  | $ | (55,712) |  |  | $ | 39,067 |  |  | $ | (79,732) |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average shares of common stock outstanding—basic | 200,440,473 |  |  | 168,737,764 |  |  | 200,216,035 |  |  | 157,415,524 |  |  |  |  |
Net income (loss) per share— basic | $ | 0.45 |  |  | $ | (0.33) |  |  | $ | 0.20 |  |  | $ | (0.51) |  |  |  |  |
Effective of dilutive securities |  |  |  |  |  |  |  |  |  |  |
Time-based restricted stock units | 244,804 |  |  | — |  |  | 163,072 |  |  | — |  |  |  |  |
Employee stock purchase plan | 116,034 |  |  | — |  |  | 76,776 |  |  | — |  |  |  |  |
Dilutive potential common shares | 360,838 |  |  | — |  |  | 239,848 |  |  | — |  |  |  |  |
Weighted average shares of common stock outstanding—diluted | 200,801,311 |  |  | 168,737,764 |  |  | 200,455,883 |  |  | 157,415,524 |  |  |  |  |
Net income (loss) per share— diluted | $ | 0.45 |  |  | $ | (0.33) |  |  | $ | 0.19 |  |  | $ | (0.51) |  |  |  |  |
Schedule of Anti-dilutive Securities Excluded from Computation of Diluted Net Loss per Share Attributable to Common Stockholders | The Company excluded the following potential shares of common stock, presented based on amounts outstanding at each period end, from the computation of diluted net income (loss) per share for the periods indicated because including them would have had an anti-dilutive effect:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Options to purchase shares of common stock | 9,906,298 |  |  | 3,583,186 |  |  | 9,906,298 |  |  | 3,583,186 |  |  |  |  |
Unvested restricted stock units | 7,800,805 |  |  | 5,859,232 |  |  | 7,800,805 |  |  | 5,859,232 |  |  |  |  |
Warrants to purchase shares of common stock (excluding prefunded warrants, which are included in basic shares outstanding) | 76,378,805 |  |  | 80,246,459 |  |  | 76,378,805 |  |  | 80,246,459 |  |  |  |  |
| 94,085,908 |  |  | 89,688,877 |  |  | 94,085,908 |  |  | 89,688,877 |  |  |  |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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