Annual report [Section 13 and 15(d), not S-K Item 405]

Net Loss Per Share

v3.26.1
Net Loss Per Share
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
11.
NET LOSS PER SHARE

The Company computes basic net loss per share using the weighted-average number of common shares outstanding during the year. Diluted net loss per share is calculated by dividing net loss by the weighted-average number of common shares plus potential common shares. The Company's stock options, including those with performance conditions, are included in the calculation of diluted net loss per share using the treasury stock method when their effect is dilutive. Potential common shares are excluded from the calculation of diluted net loss per share when their effect is anti-dilutive.

The following common stock equivalents were not included in the calculation of net loss per diluted share because their effect were anti-dilutive (in thousands):

 

 

For the years ended December 31,

 

 

2025

 

 

2024

 

Stock options

 

 

39,943

 

 

 

26,823

 

Performance stock options

 

 

6,750

 

 

 

6,750

 

Warrants

 

 

 

 

 

10,750

 

Total

 

 

46,693

 

 

 

44,323