Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Summary of Basic and Diluted Earnings Per Share

Basic and diluted net loss per share attributable to common stockholders was calculated as follows (in thousands, except share and per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Numerator:
Net loss	$	(19,984	)	$	(12,671	)	$	(35,890	)	$	(27,892	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		18,680,042			2,919,872			17,923,056			2,150,160
Net loss per share, basic and diluted	$	(1.07	)	$	(4.34	)	$	(2.00	)	$	(12.97	)

Summary of Diluted Net Loss Per Share Attributable to Common Stockholders

he following shares of potentially diluted 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 anti-dilutive:


	As of June 30,
	2025		2024
Outstanding options to purchase common stock		1,835,742		1,944,086
Unvested restricted stock units and common stock		193,628		11,447
		2,029,370		1,955,533

Tectonic Therapeutic, Inc. 10-Q