v3.26.1
Net Loss per Share (Tables)
6 Months Ended
Jun. 30, 2026
Net Loss per Share  
Schedule of Computation of Basic and Diluted Net Loss Per Share

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Three Months Ended June 30,

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Six Months Ended June 30,

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  ​ ​

2026

  ​

2025

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2026

  ​

2025

Numerator:

 

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Net income (loss) attributable to common stockholders, basic

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$

74,141

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$

(16,295)

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$

(41,205)

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$

(22,826)

Change in fair value of the Convertible Loan

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(91,018)

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—

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—

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—

Net loss attributable to common stockholders, diluted

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$

(16,877)

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$

(16,295)

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$

(41,205)

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$

(22,826)

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Denominator:

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Weighted average shares outstanding, basic

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36,747,840

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36,193,479

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36,639,663

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36,189,165

Shares issuable upon the conversion of the Convertible Loan

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25,293,860

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—

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—

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—

Weighted average common shares outstanding, diluted

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62,041,700

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36,193,479

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36,639,663

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36,189,165

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Net income (loss) per share, basic

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$

2.02

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$

(0.45)

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$

(1.12)

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$

(0.63)

Net loss per share, diluted

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$

(0.27)

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$

(0.45)

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$

(1.12)

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$

(0.63)

Schedule of Antidilutive Securities Excluded from Computation of Diluted Weighted Shares Outstanding

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Three Months Ended

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Six Months Ended

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June 30, 2026

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June 30, 2025

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June 30, 2026

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June 30, 2025

Outstanding stock options

 

6,273,471

 

5,094,273

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6,273,471

 

5,094,273

Unvested restricted stock units

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135,000

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202,500

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135,000

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202,500

Shares issuable upon the conversion of the Convertible Loan

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—

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23,692,982

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25,293,860

(1)

23,692,982

Outstanding warrants

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10,655,047

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10,655,047

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10,655,047

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10,655,047

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17,063,518

 

39,644,802

 

42,357,378

 

39,644,802

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(1) The Company determined the number of shares issuable upon the conversion of the Convertible Loan as of June 30, 2026, based on the Convertible Loan principal amount of $30.0 million, accrued and unpaid interest of $8.4 million, calculated at an annual interest rate of 8%, converted at $1.52 per share.