v3.25.0.1
Basic and Diluted Net Loss Per Common Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Common Share

Note 13. Basic and Diluted Net Loss Per Common Share

Basic net loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is computed using net loss and the weighted-average number of common shares outstanding plus potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include the assumed exercise of outstanding stock options, assumed release of outstanding RSUs, and assumed issuance of common stock under the ESPP. The Company incurred net losses in the periods presented, and as a result, potential common shares from stock options, RSUs, and ESPP issuances were not included in the diluted shares used to calculate net loss per share, as their inclusion would have been anti-dilutive.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share amounts):

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Net loss

 

$

(81,284

)

 

$

(108,296

)

Weighted-average common shares outstanding—basic and diluted

 

 

59,251,013

 

 

 

48,175,201

 

Net loss per common share—basic and diluted

 

$

(1.37

)

 

$

(2.25

)

The following table sets forth the potentially dilutive shares excluded from the computation of diluted net loss per common share because their effect was anti-dilutive:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Tempus Warrants

 

 

—

 

 

 

9,218,800

 

Options to purchase common stock

 

 

8,879,218

 

 

 

5,805,586

 

Unvested RSUs

 

 

433,484

 

 

 

1,253,826

 

ESPP

 

 

61

 

 

 

513,881

 

Total

 

 

9,312,763

 

 

 

16,792,093