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Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Net Loss Per Share of Common Stock

The following table summarizes the calculation of basic and diluted net loss per share of common stock:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in thousands, except per share amounts)

 

Net loss

 

$

(355,928

)

 

$

(285,305

)

 

$

(130,778

)

Weighted-average number of common shares - basic and diluted

 

 

166,433

 

 

 

13,014

 

 

 

4,903

 

Net loss per common share - basic and diluted

 

$

(2.14

)

 

$

(21.92

)

 

$

(26.68

)

Anti-dilutive Securities Excluded from Calculation of Diluted Net Loss Per Share

The following securities were excluded from the computation of net loss per diluted share of common stock for periods presented as their effect would have been anti-dilutive:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Convertible preferred stock

 

 

-

 

 

 

134,113

 

 

 

106,890

 

Options to purchase common stock

 

 

17,337

 

 

 

15,677

 

 

 

3,549

 

Unvested restricted common stock

 

 

4,365

 

 

 

10,079

 

 

 

17,140

 

Unvested RSUs

 

 

141

 

 

 

326

 

 

 

345

 

Total

 

 

21,843

 

 

 

160,195

 

 

 

127,924