Net Loss per Share Attributable to Common Stockholders

3 Months Ended

May 04, 2025

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, PRSUs, and LTP Awards, and common stock issuable pursuant to the ESPP. In periods of net loss, all 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.

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):


	First Quarter of Fiscal
	2025		2026

Net loss	$	(35,009)	$	(13,995)

Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	322,589		326,539


Net loss per share attributable to common stockholders, basic and diluted	$	(0.11)	$	(0.04)

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):


	First Quarter of Fiscal
	2025	2026
Stock options to purchase common stock	3,883	2,257
Unvested RSUs, PRSUs and LTP Awards	25,516	20,691



Shares issuable pursuant to the ESPP	775	464
Total	30,174	23,412