Net Loss Per Share Attributable To Common Stockholders

12 Months Ended

Jan. 31, 2024

Earnings Per Share [Abstract]

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):

	Year Ended January 31,
	2024		2023		2022
Numerator:
Net loss attributable to Class A and Class B common stockholders	$	(338,693)	$	(378,678)	$	(271,101)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted	294,923,536		277,802,861		174,051,203
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(1.15)	$	(1.36)	$	(1.56)

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 January 31,
	2024	2023	2022
Stock options	21,159,850	32,446,814	42,422,473
RSUs and PSUs	27,406,457	14,409,166	1,770,304
ESPP	107,924	134,469	52,381
Shares subject to repurchase	16,543	178,308	20,091
Restricted common stock	10,621	451,444	1,142,496
Contingently issuable shares	—	—	1,317,089
Total	48,701,395	47,620,201	46,724,834