Basic and Diluted Net Loss Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

Summary of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Basic and diluted net loss per share
Numerator
Net loss	$	(142,930)	$	(72,263)	$	(279,033)	$	(147,140)
Less: net loss attributable to noncontrolling interest	(2,796)		(742)		(4,682)		(1,240)
Net loss attributable to common stockholders	$	(140,134)	$	(71,521)	$	(274,351)	$	(145,900)
Denominator
Weighted-average common shares used in per share computation, basic and diluted	571,300		180,336		432,159		174,939
Net loss per share, basic and diluted	$	(0.25)	$	(0.40)	$	(0.63)	$	(0.83)

Summary of Computation of Diluted Net Loss Per Share

The potential shares of common stock that were excluded from the computation of diluted net loss per share for the three and six months ended June 30, 2021 and June 30, 2020 because including them would have been anti-dilutive are as follows (in thousands):


	As of Three and Six Months ended June 30,
	2021	2020
Stock options outstanding	73,244	91,866
RSUs outstanding	10,092	—
Stock warrants outstanding	324	260
Convertible Preferred Stock outstanding	—	349,522
Unregistered restricted stock awards outstanding	356	—
2020 ESPP	731	—
Total	84,747	441,648

The CEO Long-Term Performance Award is excluded from the above table because the Company Stock Price Target had not been met as of June 30, 2021