Net Loss Per Share Attributable to Common Stockholders

9 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net Loss Per Share Attributable to Common Stockholders

13. 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 and nine months ended December 31, 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 anti-dilutive.

Net loss attributable to common stockholders was 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 December 31,												Nine Months Ended December 31,
	2022						2021						2022						2021
	Class A			Class B			Class A			Class B			Class A			Class B			Class A			Class B
	(In thousands, except share and per share data)
Numerator:
Net loss attributable to common stockholders	$	(57,490	)	$	(34,471	)	$	(25,829	)	$	(63,567	)	$	(144,000	)	$	(103,558	)	$	(36,672	)	$	(111,274	)
Denominator:
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted		283,449,950			169,957,252			123,255,556			303,335,555			261,728,144			188,221,685			82,912,004			251,579,901
Net loss per share:
Net loss per share attributable to common stockholders, basic and diluted	$	(0.20	)	$	(0.20	)	$	(0.21	)	$	(0.21	)	$	(0.55	)	$	(0.55	)	$	(0.44	)	$	(0.44	)

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 were as follows (there were none for Class B common stock for both periods presented):

	As of December 31,
	2022		2021
Outstanding stock options		69,089,621		66,252,927
Restricted stock units		27,745,454		9,701,083
Shares subject to vesting		2,810,271		3,747,027
Liability RSU awards		724,506		—
ESPP		3,713,166		—
Total		104,083,018		79,701,037