Quarterly report [Sections 13 or 15(d)]

Net Loss Per Share

v3.26.3
Net Loss Per Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share
8.
NET LOSS PER SHARE

The Company computes basic net loss per share using the weighted-average number of common shares outstanding during the period. 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):

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Stock options

 

 

53,403

 

 

 

40,865

 

 

 

53,403

 

 

 

40,865

 

Performance stock options

 

 

3,750

 

 

 

6,750

 

 

 

3,750

 

 

 

6,750

 

Convertible notes

 

 

40,471

 

 

 

—

 

 

 

40,471

 

 

 

—

 

Total

 

 

97,624

 

 

 

47,615

 

 

 

97,624

 

 

 

47,615