Net Loss Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Net Loss Per Share

Net Loss Per Share

Net loss per share is allocated based on the contractual participation rights of the Class A and Class B common shares as if the loss for the year has been distributed. As the liquidation and dividend rights are identical, the net loss is allocated on a proportionate basis.

A reconciliation of the denominator used in the calculation of basic and diluted loss per share is as follows (in thousands, except share and per share data):

	Year ended
	December 31, 2023				December 31, 2022				December 31, 2021
	Class A		Class B		Class A		Class B		Class A		Class B
Numerator
Net loss	$	(118,443)	$	(9,082)	$	(84,210)	$	(6,737)	$	(32,724)	$	(5,006)
Denominator
Weighted-average common shares outstanding - basic and diluted	50,246,900		3,852,857		49,031,441		3,922,638		44,343,177		6,783,333
Basic and diluted net loss per share	$	(2.36)	$	(2.36)	$	(1.72)	$	(1.72)	$	(0.74)	$	(0.74)

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows:

	As of December 31,
	2023	2022	2021
Shares subject to outstanding common stock options	1,211,619	1,509,172	1,755,180
Shares subject to unvested restricted stock units and performance restricted stock units	2,198,411	1,921,927	1,891,699
Shares issuable pursuant to the ESPP	84,323	112,522	53,877
Shares underlying our convertible senior notes	9,547,320	4,304,082	4,304,082