Net Loss Per Share Attributable to Common Stockholders

3 Months Ended

Jun. 30, 2022

Net Loss Per Share Attributable to Common Stockholders

12. Net Loss Per Share Attributable to Common Stockholders

The net loss attributable to common stockholders is allocated on a proportionate basis, and the resulting net loss per share is identical for Class A and Class B common stock under the two-class method.

No dividends were declared or paid for the three months ended June 30, 2022 and 2021.

The Company’s stock options, early exercised stock options, RSUs, and restricted stock awards subject to vesting are considered to be potential common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is antidilutive.

Net loss attributable to common stockholders is equivalent to net loss for all periods presented.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented:


	Three Months Ended June 30,
	2022						2021
	Class A			Class B			Class A			Class B
	(in thousands, except share and per share data)
Numerator:
Net loss attributable to common stockholders	$	(48,584	)	$	(40,948	)	$	(7,945	)	$	(34,081	)

Denominator:
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted		242,292,436			204,212,893			31,797,184			136,394,578

Net loss per share:
Net loss per share attributable to common stockholders, basic and diluted	$	(0.20	)	$	(0.20	)	$	(0.25	)	$	(0.25	)

The potential shares of Class A common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive are as follows (there were none for Class B common stock for both periods presented):


	As of June 30,
	2022		2021
Outstanding stock options		71,980,548		65,962,668
Restricted stock units		23,076,570		2,837,769
Shares subject to vesting		3,278,650		—
Warrants		—		25,065,608
ESPP		3,456,238		—
Total		101,792,006		93,866,045