Net loss per share

9 Months Ended

Sep. 30, 2023

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,
	2023		2022		2023		2022
	(in thousands, except share and per share amounts)
Numerator:
Net loss	$	(32,277)	$	(31,302)	$	(92,676)	$	(120,070)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted	125,537,246		121,014,325		124,455,109		120,188,587
Basic and diluted net loss per share	$	(0.26)	$	(0.26)	$	(0.74)	$	(1.00)

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, 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 September 30,
	2023	2022
Stock options outstanding	3,710,153	4,583,520
Unvested restricted stock units	11,091,689	8,821,852
Shares related to the 2026 Notes	7,475,897	7,475,897
Shares committed under the 2021 ESPP	216,718	196,410
Total potentially dilutive securities	22,494,457	21,077,679