Net income (loss) per share

3 Months Ended

Mar. 31, 2023

Net income (loss) per share

Net income (loss) per share

10. Net income (loss) per share

The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net income (loss) per share because to include them would be anti-dilutive:

	As of March 31,
	2023	2022
Unvested restricted common stock awards	45,000	137,255
Unvested restricted common stock units	1,336,159	1,097,821
Outstanding stock options	7,360,745	6,825,286
Total	8,741,904	8,060,362

Basic net income (loss) and diluted weighted-average shares outstanding are as follows for the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023		2022
Numerator:
Net income (loss) (in thousands)	$	124,044	$	(21,319)
Denominator for basic net income (loss) per share:
Weighted average shares outstanding-basic		40,632,087		38,049,430
Denominator for diluted net income (loss) per share:
Weighted average shares outstanding-basic		40,632,087		38,049,430
Common stock options and restricted stock units		1,529,239		—
Weighted average shares outstanding-diluted		42,161,326		38,049,430