Net loss per share

3 Months Ended

Mar. 31, 2024

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


	Three Months Ended March 31,
		2024		2023
		(in thousands, except share and per share amounts)
Numerator:
Net loss		$	(20,524)	$	(24,200)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted		127,292,097		123,422,066
Basic and diluted net loss per share		$	(0.16)	$	(0.20)

Basic net loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period without consideration for potentially dilutive securities. Because we have reported a net loss for the three months ended March 31, 2024 and 2023, 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 for those periods given that the potentially dilutive shares would have been anti-dilutive 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 anti-dilutive impact due to losses reported:


	As of March 31,
	2024	2023
Stock options outstanding	3,595,924	4,121,571
Unvested restricted stock units	13,409,972	12,286,700
Shares related to the 2026 Notes	7,475,897	7,475,897
Shares committed under the 2021 ESPP	217,453	208,013
Total potentially dilutive securities	24,699,246	24,092,181