Net Loss Per Share

6 Months Ended

Jun. 30, 2024

We compute net loss per share using the two-class method required for participating securities and multiple classes of common stock. The two-class method requires net income or loss be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all income or loss for the period had been distributed. The rights, including the liquidation and dividend rights and sharing of losses of the Class A common stock and Class B common stock are identical, other than voting, transfer, and conversion rights. As the liquidation and dividend rights and sharing of losses are identical, the undistributed earnings are allocated on a

proportionate basis and the resulting net loss per share attributed to common stockholders will, therefore, be the same for both Class A and Class B common stock on an individual or combined basis.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the three and six months ended June 30, 2024 and 2023:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share data)	2024		2023		2024		2023
Numerator:
Net loss attributable to common stockholders	$	(19,133)	$	(28,937)	$	(46,463)	$	(64,103)
Denominator:
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	156,484,008		150,829,129		155,932,276		150,455,712
Net loss per share attributable to common stockholders, basic and diluted	$	(0.12)	$	(0.19)	$	(0.30)	$	(0.43)

The following shares of preferred stock and common stock were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been anti-dilutive:


	June 30, 2024	June 30, 2023
Outstanding stock options	12,268,603	15,276,617
2021 ESPP	148,710	3,621
RSUs	8,852,356	7,966,430
PSUs	917,411	525,108
Total anti-dilutive securities	22,187,080	23,771,776