Net Loss Per Share Attributable To Common Stockholders

9 Months Ended

Oct. 31, 2021

Net Loss Per Share Attributable to Common Stockholders

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

Basic and diluted net loss per share attributable to common stockholders is computed in conformity with the two-class method required for participating securities. Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potentially dilutive common stock equivalents to the extent they are dilutive. For purposes of this calculation, redeemable convertible preferred stock, stock options, restricted stock awards, RSUs, ESPP, early exercised stock options, and common stock warrants are considered to be 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 for all periods presented.

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, conversion, and transfer rights. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net loss per share attributable to common stockholders are, therefore, the same for both Class A and Class B common stock on both an individual and combined basis.

Basic and diluted net loss per share attributable to common stockholders was as follows (in thousands, except share and per share data):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
Numerator:
Net loss attributable to Class A and Class B common stockholders	$	(68,595)	$	(30,156)	$	(199,392)	$	(79,732)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted	262,999,535		35,646,513		143,199,215		34,705,426
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(0.26)	$	(0.85)	$	(1.39)	$	(2.30)

The following potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders because their inclusion would have been anti-dilutive:


	As of October 31,	As of October 31,
	2021	2020
Redeemable convertible preferred stock	—	168,454,948
Stock options	46,333,088	39,057,330
Common stock warrants	—	1,276,686
Shares subject to repurchase	45,434	60,000
RSUs	868,978	—
ESPP	257,748	—
Restricted common stock	1,142,496	—
Contingently issuable shares	1,317,079	—
Total	49,964,823	208,848,964