Net Loss Per Share

9 Months Ended

Sep. 30, 2024

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

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


Net loss, basic and diluted	$	(107,754)	$	(86,102)	$	(325,367)	$	(292,406)
Net loss per share, basic and diluted	$	(0.88)	$	(0.73)	$	(2.66)	$	(2.66)
Weighted-average shares used in computing net loss per share, basic and diluted	123,051		117,736		122,406		109,791

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 September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023

	(unaudited)
	(in thousands)
Stock options	3,753	3,662	3,892	3,485
Restricted stock units	5,104	3,219	4,938	3,382
MSUs	—	2,261	646	2,261
PSUs	1,292	438	1,071	379
ESPP obligation	197	132	228	191

Convertible senior notes	8,225	8,225	8,225	8,225
Total	18,571	17,937	19,000	17,923