Net Income (Loss) per Share

6 Months Ended

Jun. 30, 2022

10. Net Loss per Share

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Numerator:
Net loss	$	(64,735	)	$	(48,330	)	$	(121,359	)	$	(83,795	)
Denominator:
Weighted-average shares outstanding		92,255,416			91,659,829			92,224,382			91,593,845
Net loss per share applicable to common stockholders - basic and diluted	$	(0.70	)	$	(0.53	)	$	(1.32	)	$	(0.91	)

Anti-dilutive potential common stock equivalents excluded from the calculation of net loss per share:
Stock options to purchase common stock		14,987,043			11,687,959			14,987,043			11,687,959
Unvested restricted stock units		1,578,621			461,248			1,578,621			461,248
Shares issuable under ESPP		250,002			28,687			250,002			28,687

The anti-dilutive potential common stock equivalents for the three and six months ended June 30, 2022 and 2021 were excluded from the computation of diluted net income per share attributable to common stockholders because those stock options to purchase common stock and restricted stock units had an anti-dilutive impact due to the assumed proceeds per share using the treasury stock method being greater than the average fair value of the Company’s common shares for those periods.