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Net Loss per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Potential Common Shares Excluded from Computation of Diluted Net Loss per Share The Company excluded the following potential common shares, presented based on amounts outstanding at period end, from the computation of diluted net loss per share because including them would have had an anti-dilutive effect:

 

 

As of June 30,

 

 

 

2024

 

 

2023

 

Unvested restricted stock

 

 

3,358,342

 

 

 

2,193,178

 

Outstanding options to purchase common stock

 

 

10,138,402

 

 

 

8,832,976

 

ESPP

 

 

50,722

 

 

 

64,080

 

Total

 

 

13,547,466

 

 

 

11,090,234

 

 

Summary of Computation of Basic and Diluted Net Loss per Share

The following table summarizes the computation of basic and diluted net loss per share of the Company (in thousands, except share and per share amounts):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(91,051

)

 

$

(82,776

)

 

$

(189,720

)

 

$

(179,236

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

 

 

82,312,467

 

 

 

76,335,175

 

 

 

82,005,550

 

 

 

74,315,721

 

Net loss per common share, basic and diluted

 

$

(1.11

)

 

$

(1.08

)

 

$

(2.31

)

 

$

(2.41

)