Quarterly report [Sections 13 or 15(d)]

Net Loss per Share

v3.26.1
Net Loss per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Loss per Share
12.
Net Loss per Share

The Company has two classes of common stock, Class A and Class B. Class B common stock has no economic rights, and therefore, has been excluded from the computation of basic and diluted net loss per share. Potentially dilutive securities have been excluded from the computation of diluted net loss per share as the effect would reduce 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 following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share amounts):

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(25,843

)

 

$

(23,515

)

Denominator:

 

 

 

 

 

 

Weighted-average shares used in computing basic and diluted
    net loss per share

 

 

33,269,650

 

 

 

26,787,097

 

Basic and diluted net loss per share

 

$

(0.78

)

 

$

(0.88

)

The following securities were not included in the computation of diluted net loss per share because their effect would be anti-dilutive or the issuance of such shares is contingent upon the satisfaction of certain conditions that were not met by the end of the period:

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Stock options

 

 

1,596,317

 

 

 

1,905,395

 

RSUs, PSUs, and Potential ESPP Shares

 

 

3,285,524

 

 

 

2,432,277

 

Credit Agreement Warrants

 

 

24,834

 

 

 

1,058,940

 

Contingent Earnout Shares

 

 

912,600

 

 

 

912,600

 

 

 

5,819,275

 

 

 

6,309,212