Net loss per share

9 Months Ended

Sep. 30, 2022

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in thousands, except share and per share amounts)
Numerator:
Net loss	$	(31,302)	$	(30,383)	$	(120,070)	$	(51,439)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted	121,014,325		118,640,565		120,188,587		117,983,463
Basic and diluted net loss per share	$	(0.26)	$	(0.26)	$	(1.00)	$	(0.44)

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 three and nine months ended September 30, 2022 and 2021, 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:


	As of September 30,
	2022	2021
Stock options outstanding	4,583,520	5,707,634
Unvested restricted stock units	8,821,852	3,427,190
Shares related to the 2026 Notes	7,475,897	7,475,897
Shares committed under the 2021 ESPP	196,410	—
Total potentially dilutive securities	21,077,679	16,610,721