Net Loss Per Share Attributable To Common Stockholders

9 Months Ended

Oct. 31, 2023

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, stock options, restricted common stock, RSUs, PSUs, shares purchased pursuant to our ESPP, and early exercised stock options 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,
	2023		2022		2023		2022
Numerator:
Net loss attributable to Class A and Class B common stockholders	$	(70,304)	$	(98,858)	$	(266,711)	$	(284,998)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted	296,650,848		280,635,022		292,755,742		275,867,765
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(0.24)	$	(0.35)	$	(0.91)	$	(1.03)

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,
	2023	2022

Stock options	25,378,792	36,340,742

Shares subject to repurchase	26,264	261,253
RSUs and PSUs	27,032,325	4,173,150
ESPP shares	774,853	446,539
Restricted common stock	19,594	405,620
Contingently issuable shares	—	113,698
Total	53,231,828	41,741,002