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Net Loss Per Share Attributable to Common Stockholders (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders, which excludes shares which are legally outstanding, but subject to repurchase by the Company (in thousands, except share and per share amounts):

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(22,485

)

 

$

(24,682

)

 

$

(101,733

)

 

$

(76,453

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

57,977,907

 

 

 

58,189,211

 

 

 

58,064,472

 

 

 

58,085,711

 

Less: weighted-average unvested restricted shares and shares subject to repurchase

 

 

(720,666

)

 

 

(2,983,072

)

 

 

(1,315,477

)

 

 

(3,494,118

)

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

 

 

57,257,241

 

 

 

55,206,139

 

 

 

56,748,995

 

 

 

54,591,593

 

Net loss per share attributable to common stockholders — basic and diluted:

 

$

(0.39

)

 

$

(0.45

)

 

$

(1.79

)

 

$

(1.40

)

Schedule of Anti-dilutive Outstanding Shares or Equivalents

The following outstanding options, unvested shares, and ESPP shares were excluded (as common stock equivalents) from the computation of diluted net loss per common share for the periods presented as their effect would have been anti-dilutive (in thousands):

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Options to purchase common stock

 

 

6,380,515

 

 

 

7,849,590

 

 

 

6,380,515

 

 

 

7,849,590

 

Common stock subject to vesting or repurchase

 

 

873,062

 

 

 

3,236,152

 

 

 

873,062

 

 

 

3,236,152

 

Employee Stock Purchase Plan shares

 

 

10,437

 

 

 

128,888

 

 

 

10,437

 

 

 

128,888

 

Total

 

 

7,264,014

 

 

 

11,214,630

 

 

 

7,264,014

 

 

 

11,214,630