Net Loss Per Share

6 Months Ended

Jun. 30, 2024

The following table sets forth the computation of the basic and diluted net loss per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023

	(unaudited)
	(in thousands, except per share data)


Net loss, basic and diluted	$	(102,628)	$	(72,771)	$	(217,613)	$	(206,304)
Net loss per share, basic and diluted	$	(0.84)	$	(0.67)	$	(1.78)	$	(1.95)
Weighted-average shares used in computing net loss per share, basic and diluted	122,447		108,808		122,080		105,752

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, as the inclusion of all potential shares of common stock outstanding would have been anti-dilutive. The following weighted-average common stock equivalents were excluded from the calculation of diluted net loss per share for the periods presented as they had an anti-dilutive effect:


	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023

	(unaudited)
	(in thousands)
Stock options	3,872	3,416	3,962	3,397
Restricted stock units	5,216	3,375	4,855	3,463
MSUs	—	2,261	969	2,261
PSUs	1,312	361	960	349
ESPP obligation	224	177	244	220

Convertible senior notes	8,225	8,225	8,225	8,225
Total	18,849	17,815	19,215	17,915