Net loss per Share

12 Months Ended

Dec. 31, 2022

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


	Years Ended December 31,
	2022		2021		2020
	(in thousands, except share and per share amounts)
Numerator:
Net loss	$	(141,301)	$	(75,189)	$	(24,082)
Denominator:
Weighted‑average shares used to compute net loss per share, basic and diluted	120,720,972		118,276,462		108,908,597
Basic and diluted net loss per share	$	(1.17)	$	(0.64)	$	(0.22)

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, 2022, 2021, and 2020, 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 given that the potentially dilutive shares would have been antidilutive if included in this 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 December 31,
	2022	2021	2020
Stock options outstanding	4,488,742	5,330,930	7,234,490
Unvested restricted stock units	8,417,357	6,890,938	1,293,107
Shares related to the 2026 Notes	7,475,897	7,475,897	—
Shares committed under the 2021 ESPP	193,977	108,331	—
Total potentially dilutive securities	20,575,973	19,806,096	8,527,597