Quarterly report [Sections 13 or 15(d)]

Net Loss Per Share Attributable to Common Stockholders

v3.25.3
Net Loss Per Share Attributable to Common Stockholders
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Loss per Share Attributable to Common Stockholders Net Loss per Share Attributable to Common Stockholders
Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Because the Company reported a net loss for the three and nine months ended September 30, 2025 and 2024, the number of shares used to calculate diluted net loss per common share is the same as the number of shares used to calculate basic net loss per common share for those periods presented because the potentially dilutive shares would have been antidilutive if included in the calculation.
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 data):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025 2024 2025 2024
Numerator:
Net loss attributable to common stockholders $ (401,226) $ (143,878) $ (808,306) $ (361,757)
Denominator:
Weighted-average shares outstanding 844,551,006  695,011,457  803,188,296  688,718,075 
Net loss per share attributable to common stockholders, basic and diluted $ (0.48) $ (0.21) $ (1.01) $ (0.53)

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive:
Three and Nine Months Ended September 30, 2025
2025 2024
Common stock warrants 14,367,942  28,783,069 
Unvested restricted stock awards 40,295,737  42,928,074 
Options to purchase common stock and unvested restricted stock awards 8,477,314  13,426,025 
Total 63,140,993  85,137,168