Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Loss Per Share

Basic earnings per share is calculated by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding, net of the weighted average unvested restricted stock subject to repurchase by the Company, if any, during the period. Diluted earnings per share is calculated by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding, adjusted for the effects of potentially dilutive common stock, which are comprised of stock options, restricted stock units and stock warrants, using the treasury-stock method, and convertible preferred stock, using the if-converted method. Because the Company reported losses attributable to common stockholders for all periods presented, all potentially dilutive common stock is antidilutive for those periods.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders during the years ended December 31, 2024, 2023, and 2022 (in thousands, except per share data):

	Year Ended December 31,
	2024		2023		2022
Net loss	$	(31,048)	$	(49,766)	$	(118,685)
Weighted-average common shares outstanding, basic and diluted	90,159		89,766		91,452
Net Loss per share, basic and diluted	$	(0.34)	$	(0.55)	$	(1.30)

The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share attributable to common stockholders at December 31, 2024, 2023, and 2022 (in thousands):

	December 31,
	2024	2023	2022
Options to purchase common stock	1,318	2,241	5,114
Unvested restricted stock units	5,483	5,764	7,519
Unvested performance stock units	3,254	2,519	2,489
Total shares excluded from net loss per share attributable to common stockholders	10,055	10,524	15,122