Net Loss Per Share

12 Months Ended

Jan. 31, 2023

The Company computes net loss per share using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are substantially identical, other than voting rights. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net losses.

The following table sets forth the calculation of basic and diluted net loss per share during the periods presented (in thousands, except per share amounts):


	Year Ended January 31,
	2021				2022				2023
	Class A		Class B		Class A		Class B		Class A		Class B
Numerator:
Net loss	$	(9,426)	$	(75,208)	$	(10,408)	$	(91,703)	$	(10,106)	$	(95,445)
Denominator:
Weighted-average number of shares used in computing net loss per share, basic and diluted	3,264		26,044		3,264		28,757		3,264		30,828
Net loss per share, basic and diluted	$	(2.89)	$	(2.89)	$	(3.19)	$	(3.19)	$	(3.10)	$	(3.10)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all potential common shares outstanding would have been anti-dilutive. The

weighted-average impact of potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive was as follows (in thousands):


	Year Ended January 31,
	2021	2022	2023

Options to purchase common stock	498	751	92
Restricted stock units	1,830	2,193	425
Employee stock purchase program	1,037	353	—
Common stock warrants	85	45	—
	3,450	3,342	517