Net Loss per Share Attributable to Common Stockholders

12 Months Ended

Jan. 31, 2021

Net Loss per Share Attributable to Common Stockholders

Basic and diluted net loss per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs, unvested restricted stock, our Notes to the extent dilutive, and common stock issuable pursuant to the ESPP. These potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive.

In December 2018, all outstanding shares of Class B common stock converted to shares of Class A common stock pursuant to the terms of our amended and restated certificate of incorporation. The conversion did not impact our basic or diluted net loss per share attributable to common stockholders for fiscal 2019.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data):


	Fiscal Year Ended
	2019		2020		2021

Net loss	$	(178,362)	$	(200,987)	$	(282,076)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	232,042		252,820		267,824
Net loss per share attributable to common stockholders, basic and diluted	$	(0.77)	$	(0.79)	$	(1.05)

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):


	Fiscal Year Ended
	2019	2020	2021
Stock options to purchase common stock	39,928	31,315	23,180
Unvested restricted stock units	19,488	24,374	31,980
Unvested restricted stock	2,881	2,614	1,145
Shares related to convertible senior notes	17,867	21,884	21,884
Shares issuable pursuant to the ESPP	2,411	1,031	2,148
Early exercised stock options subject to repurchase	7	—	—
Total	82,582	81,218	80,337