| Schedule of Computation of Basic and Diluted Loss |
The following table sets forth the computation of basic and diluted loss for the years ended December 31, 2025, 2024, and 2023 as follows: (in thousands, except for share and per share amounts):
| |
|
December 31,
|
|
| |
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(366,302
|
)
|
|
$
|
(273,140
|
)
|
|
$
|
(571,269
|
)
|
|
Less: Deemed dividend on Series A preferred stock
|
|
|
(11,820
|
)
|
|
|
—
|
|
|
|
—
|
|
|
Net loss attributable to common stockholders
|
|
|
(378,122
|
)
|
|
|
(273,140
|
)
|
|
|
(571,269
|
)
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average Common shares outstanding—Basic
|
|
|
59,699,261
|
|
|
|
31,404,616
|
|
|
|
25,939,912
|
|
|
Weighted average Common shares outstanding—Diluted
|
|
|
59,699,261
|
|
|
|
31,404,616
|
|
|
|
25,939,912
|
|
|
Net loss per share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$
|
(6.33
|
)
|
|
$
|
(8.70
|
)
|
|
$
|
(22.02
|
)
|
|
Diluted
|
|
$
|
(6.33
|
)
|
|
$
|
(8.70
|
)
|
|
$
|
(22.02
|
)
|
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following table presents the potential shares of common stock outstanding that were excluded from the computation of diluted net loss
per share of common stock as of the periods presented because including them would have been antidilutive or related contingencies on issuance of shares had not been met as of the periods presented:
| |
|
December 31,
|
|
| |
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
Warrants
|
|
|
272,618
|
|
|
|
383,836
|
|
|
|
383,836
|
|
|
Stock-based awards—Equity classified
|
|
|
2,106,210
|
|
|
|
2,220,754
|
|
|
|
2,510,594
|
|
|
Stock-based awards—Liability classified
|
|
|
41,517,195
|
|
|
|
5,037,826
|
|
|
|
1,237,495
|
|
|
Vendor stock-in-lieu of cash program
|
|
|
2,598,654
|
|
|
|
1,056,381
|
|
|
|
17,144
|
|
|
Series 1 Notes
|
|
|
2,540,000
|
|
|
|
2,540,000
|
|
|
|
—
|
|
|
Series 2 Notes
|
|
|
4,984,931
|
|
|
|
5,053,802
|
|
|
|
—
|
|
|
2026 Convertible Senior Notes
|
|
|
450,037
|
|
|
|
677,587
|
|
|
|
2,085,314
|
|
|
Earn-out shares
|
|
|
573,780
|
|
|
|
573,780
|
|
|
|
573,780
|
|
|
Total
|
|
|
55,043,425
|
|
|
|
17,543,966
|
|
|
|
6,808,163
|
|
|