Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of Basic and Diluted Net Income (Loss) Per Share

The following table shows the calculation of basic and diluted net loss per share for the years ended December 31, 2023, 2022 and 2021:

	Year Ended December 31,
	2023			2022			2021
Basic net loss per share:
Numerator:
Net loss (in thousands)	$	(541,489	)	$	(532,784	)	$	(457,892	)
Denominator:
Weighted average common stock outstanding    - basic and diluted		59,836,441			59,306,094			58,670,230
Net loss per share - basic and diluted	$	(9.05	)	$	(8.98	)	$	(7.80	)

Summary of Potential Dilutive Securities Outstanding

The following table summarizes potential dilutive securities outstanding at the end of each reporting period that were excluded from the calculation of diluted net loss per share because including them would have been anti-dilutive as of December 31, 2023, 2022 and 2021:

	Year Ended December 31,
	2023		2022		2021
Stock options		7,663,041		7,138,350		6,599,429
Restricted stock units		1,662,363		160,403		563,334
Employee stock purchase plan		61,402		76,105		23,625
		9,386,806		7,374,858		7,186,388