Net Loss Per Share Attributable to Common Stockholders

12 Months Ended

Dec. 31, 2021

Net Loss Per Share Attributable to Common Stockholders

Basic and diluted net loss per share attributable to common stockholders is as follows:


	Year Ended December 31,
	2021		2020		2019
Numerator
Net loss	$	(163,929)	$	(47,695)	$	(58,200)
Deemed dividend to redeemable convertible preferred stockholders	—		—		(64149)
Net loss attributable to Class A and Class B common stockholders	$	(163,929)	$	(47,695)	$	(122,349)
Denominator
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted	362,756,466		122,932,556		113,851,714
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(0.45)	$	(0.39)	$	(1.07)

Basic net loss per share is the same as diluted net loss per share because the Company reported a net loss for the years ended December 31, 2021, 2020 and 2019.

The liquidation, dividend and other rights, held by of Class A common stockholders and Class B common stockholders are identical, except with respect to voting. As the liquidation and dividend rights are identical for Class A common stock and Class B common stock, the undistributed earnings are allocated on a proportionate basis and the resulting loss per share will, therefore, be the same for both Class A common stock and Class B common stock on an individual or combined basis.

The Company considered its proportionate share of the potentially dilutive shares issued by its equity method investee in its dilutive EPS calculation. All potentially dilutive shares of its equity method investee were excluded from the computation as they would have an anti-dilutive effect.

Potentially dilutive securities that were excluded from the computation of diluted net loss per share because including them would have had an anti-dilutive effect were as follows:


	As of December 31,
	2021	2020	2019
Redeemable convertible preferred stock, all series	—	351,844,340	336,843,578
Warrants to purchase redeemable convertible preferred stock	—	203,610	203,610
Warrants to purchase Class B common stock	1,900,000	1,419,528	3,669,528
Stock options outstanding, including early exercise of options	45,307,479	23,421,374	25,159,411
Unvested RSUs outstanding	9,001,949	4,430,336	—
Shares committed under the ESPP	211,118	—	—
Stock options and RSUs available for future grants	61,893,427	7,683,069	3,844,639
Total	118,313,973	389,002,257	369,720,766

In addition, the Company committed up to 320,000 common stock shares for future issuance, or the equivalent in cash, to fund and support the Company’s social impact initiatives over the next eight years.