Net Loss Per Share Attributable to Common Stockholders
The following table sets forth the computation of basic and diluted net loss attributable to common stockholders per share (in thousands, except per share amounts):

 Year Ended December 31,
 20252024
Basic  
Net loss attributable to common stockholders
$(10,404)$(34,960)
Shares used in per share calculation – basic30,484 29,335 
Net loss attributable to common stockholders per share – basic
$(0.34)$(1.19)
Diluted: 
Net loss attributable to common stockholders
$(10,404)$(34,960)
Shares used in per share calculation – basic30,484 29,335 
Dilutive effect of common stock— — 
Shares used in per share calculation – diluted30,484 29,335 
Net loss attributable to common stockholders per share – diluted
$(0.34)$(1.19)

For each of the years ended December 31, 2025 and 2024, we had securities outstanding that could potentially dilute net loss per share, but the shares from the assumed conversion or exercise of these securities were excluded in the computation of diluted net loss per share as their effect would have been anti-dilutive. The number of weighted-average outstanding anti-dilutive shares that were excluded from the computation of diluted net loss per share consisted of the following (in thousands):
 Year Ended December 31,
 20252024
Convertible preferred stock3,764 3,548 
Restricted stock units
1,966 1,852 
Performance-based stock units542 209 
Common stock options180 216 
Employee stock purchase program12 
Total6,464 5,834 

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Feb 27, 2025

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.