Net loss per Share

12 Months Ended

Dec. 31, 2021

The following table sets forth the computation of basic and diluted net loss per share:


	Years Ended December 31,
	2021		2020		2019
	(in thousands, except share and per share amounts)
Numerator:
Net loss	$	(75,189)	$	(24,082)	$	(34,345)
Denominator:
Weighted‑average shares used to compute net loss per share, basic and diluted	118,276,462		108,908,597		102,752,092
Basic and diluted net loss per share	$	(0.64)	$	(0.22)	$	(0.33)

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Because we have reported a net loss for the years ended December 31, 2021, 2020, and 2019, the number of shares used to calculate diluted net loss per common share is the same as the number of shares used to calculate basic net loss per common share because the potentially dilutive shares would have been antidilutive if included in the calculation.

The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding because such securities have an antidilutive impact due to losses reported:


	Years Ended December 31,
	2021	2020	2019
Stock options outstanding	5,330,930	7,234,490	7,760,950
Unvested restricted stock units	6,890,938	1,293,107	36,520
Shares related to the 2026 Notes	7,475,897	—	—
Shares committed under the 2021 ESPP	108,331	—	—
Total potentially dilutive securities	19,806,096	8,527,597	7,797,470