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Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(64,919

)

 

$

(77,975

)

 

$

(199,544

)

 

$

(226,538

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

72,236,283

 

 

 

71,286,685

 

 

 

71,752,246

 

 

 

70,296,187

 

Less: weighted-average common shares
subject to vesting

 

 

-

 

 

 

(1,176,547

)

 

 

-

 

 

 

(1,305,897

)

Weighted-average common shares used to
compute basic and diluted net loss per share

 

 

72,236,283

 

 

 

70,110,138

 

 

 

71,752,246

 

 

 

68,990,290

 

Net loss per share: basic and diluted

 

$

(0.90

)

 

$

(1.11

)

 

$

(2.78

)

 

$

(3.28

)

Summary of Outstanding Potentially Dilutive Securities Excluded from Computation of Diluted Net Loss per Share

The following outstanding potentially dilutive securities were excluded from the computation of diluted net loss per share because including them would have been antidilutive:

 

 

As of September 30,

 

 

 

2022

 

 

2021

 

Common stock options issued and outstanding

 

 

12,221,549

 

 

 

12,625,226

 

Restricted stock units issued

 

 

1,420,753

 

 

 

1,361,008

 

Employee Stock Purchase Plan shares

 

 

130,149

 

 

 

166,461

 

Unvested early exercised common stock options

 

 

-

 

 

 

39,142

 

Total

 

 

13,772,451

 

 

 

14,191,837