Net loss per share

3 Months Ended

Mar. 31, 2023

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


	Three Months Ended March 31,
	2023		2022
	(in thousands, except share and per share amounts)
Numerator:
Net loss	$	(24,200)	$	(25,629)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted	123,422,066		119,594,341
Basic and diluted net loss per share	$	(0.20)	$	(0.21)

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 months ended March 31, 2023 and 2022, 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 March 31,
	2023	2022
Stock options outstanding	4,121,571	5,119,730
Unvested restricted stock units	12,286,700	8,219,810
Shares related to the 2026 Notes	7,475,897	7,475,897
Shares committed under the 2021 ESPP	208,013	117,705
Total potentially dilutive securities	24,092,181	20,933,142