Net Loss Per Share Attributable to Common Stockholders

9 Months Ended

Jan. 31, 2023

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

Basic net loss per share attributable to common stockholders is computed by dividing the net loss 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 potential dilutive common stock equivalents outstanding for the period to the extent they are dilutive. For purposes of this calculation, stock options, RSUs, Class A common stock issuable in connection with the 2020 ESPP and early exercised stock options subject to repurchase are considered to be potential common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive. Basic net loss per share was the same as diluted net loss per share for the periods presented because the Company was in a loss position for the three and nine months ended January 31, 2023 and 2022.

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):


	Three Months Ended January 31,				Nine Months Ended January 31,
	2023		2022		2023		2022
Numerator
Net loss attributable to common stockholders	$	(63,162)	$	(39,447)	$	(203,883)	$	(133,645)
Denominator
Basic and diluted weighted-average Class A common stock outstanding	107,235		101,593		105,369		100,341
Basic and diluted weighted-average Class B common stock outstanding	3,500		3,500		3,500		3,500
Basic and diluted net loss per share attributable to common stockholders
Basic and diluted net loss per Class A common stock outstanding	$	(0.57)	$	(0.38)	$	(1.87)	$	(1.29)
Basic and diluted net loss per Class B common stock outstanding	$	(0.57)	$	(0.38)	$	(1.87)	$	(1.29)

The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the period presented because including them would have had an antidilutive effect were as follows (in thousands):


	As of January 31,
	2023	2022
Stock options	35,774	37,629
RSUs	19,919	6,925