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Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Share

The following table shows the calculation of basic and diluted net loss per share for the three and nine months ended September 30, 2022 and 2021:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss (in thousands)

 

$

(137,323

)

 

$

(130,171

)

 

$

(385,638

)

 

$

(333,180

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock
   outstanding—basic

 

 

59,428,123

 

 

 

58,819,548

 

 

 

59,242,563

 

 

 

58,593,743

 

Dilutive effect of shares of common
   stock equivalents resulting from
   common stock options and restricted
   stock units

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock
   outstanding—diluted

 

 

59,428,123

 

 

 

58,819,548

 

 

 

59,242,563

 

 

 

58,593,743

 

Net loss per share—basic and diluted

 

$

(2.31

)

 

$

(2.21

)

 

$

(6.51

)

 

$

(5.69

)

Summary of Anti-Dilutive Common Stock Equivalents Outstanding

The following table summarizes common stock equivalents outstanding that were excluded from the calculation of diluted net loss per share because including them would have been anti-dilutive as of September 30, 2022 and 2021:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Stock options

 

 

7,017,873

 

 

 

6,728,998

 

 

 

7,017,873

 

 

 

6,728,998

 

Restricted stock units

 

 

179,676

 

 

 

310,418

 

 

 

179,676

 

 

 

310,418

 

Employee stock purchase plan

 

 

43,877

 

 

 

15,437

 

 

 

43,877

 

 

 

15,437

 

 

 

 

7,241,426

 

 

 

7,054,853

 

 

 

7,241,426

 

 

 

7,054,853