Net loss per share

6 Months Ended

Jun. 30, 2023

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands, except share and per share amounts)
Numerator:
Net loss	$	(36,199)	$	(63,139)	$	(60,399)	$	(88,768)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted	124,382,767		119,941,482		123,905,072		119,768,871
Basic and diluted net loss per share	$	(0.29)	$	(0.53)	$	(0.49)	$	(0.74)

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 six months ended June 30, 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 June 30,
	2023	2022
Stock options outstanding	4,080,717	5,060,157
Unvested restricted stock units	11,492,003	9,100,043
Shares related to the 2026 Notes	7,475,897	7,475,897
Shares committed under the 2021 ESPP	223,947	188,533
Total potentially dilutive securities	23,272,564	21,824,630