Basic and Diluted Net Loss Per Common Share

3 Months Ended

Mar. 31, 2022

Basic and Diluted Net Loss Per Common Share

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


	Three Months Ended March 31,
	2022		2021
Basic and diluted net loss per share
Numerator
Consolidated net loss	$	(162,020)	$	(136,103)
Less: net loss attributable to noncontrolling interest	(1,818)		(1,886)
Net loss attributable to common stockholders	$	(160,202)	$	(134,217)
Denominator
Weighted-average common shares used in per share computation, basic and diluted	588,521		291,074
Net loss per share, basic and diluted	$	(0.27)	$	(0.46)

The potential shares of common stock that were excluded from the computation of diluted net loss per share for the three months ended March 31, 2022 and 2021 because including them would have been anti-dilutive are as follows (in thousands):


	As of Three Months Ended March 31,
	2022	2021
Stock options outstanding	58,685	79,616
RSUs outstanding	14,489	8,559
Stock warrants outstanding	294	324
Convertible Preferred Stock outstanding	—	—
Unregistered restricted stock awards outstanding	436	356
2020 ESPP	1,475	770
Total	75,379	89,625

The CEO Long-Term Performance Award is excluded from the above table because the Company Stock Price Target had not been met as of March 31, 2022