Basic and Diluted Net Loss Per Common Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Basic and Diluted Net Loss Per Common Share

17. 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,
	2024		2023
Basic and diluted net loss per share
Numerator
Consolidated net loss	$	(271,920)	$	(269,948)
Less: net loss attributable to noncontrolling interest	(1,316)		(1,635)
Net loss attributable to common stockholders	$	(270,604)	$	(268,313)
Denominator
Weighted-average common shares used in computing net loss per share attributable to common stockholders, based and diluted	635,020		606,637
Net loss per share attributable to common stockholders, basic and diluted	$	(0.43)	$	(0.44)

The potential shares of common stock that were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive are as follows (in thousands):

	As of March 31,
	2024	2023
Stock options outstanding	37,488	49,148
RSUs outstanding	38,757	33,956
2020 ESPP	2,164	1,864
2023 PSUs Awards based on performance target achievement at period-end (1)	34	—
Stock warrants outstanding	264	264
RSAs outstanding	124	425
Total	78,831	85,657

(1)Represents the hypothetical number of shares that would have been earned under the Company’s 2023 PSU Awards had the performance period ended on the balance sheet date.

Except for the 2023 PSU Awards, all other PSUs were excluded from the above table because the respective stock price or performance targets had not been met as of the periods presented.