Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Computation of Basic and Diluted Net Loss Per Share

The computation of basic and diluted net income (loss) per share of common stock attributable to common stockholders was as follows (in thousands, except for per share data):


	Three Months Ended March 31,
		2022		2021
Numerator:
Net loss		$	(50,078)	$	(52,162)
Effect of dilutive securities:

Interest expense to be recognized upon conversion of Convertible Notes (1)		(55,185)		—
Numerator for diluted EPS - Net loss after the effect of dilutive securities		$	(105,263)	$	(52,162)
Denominator:
Weighted-average shares used in computing net loss per share of common stock, basic		222,276		6,021

Convertible Notes (1)		24,855		—
Diluted weighted average shares		247,131		6,021
Net loss per share of common stock:
Basic		$	(0.23)	$	(8.66)
Diluted		$	(0.43)	$	(8.66)

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(1)Adjustment is under the “if-converted” method, and includes write-off of $62.3 million unamortized debt discount of the Convertible Notes as of December 31, 2021, offset by the $7.1 million interest expense recorded in net loss of the first quarter of 2022.

Potentially Dilutive Securities Excluded from the Diluted Per Share Calculation

The potentially dilutive securities were as follows (in thousands):



			March 31, 2022
Stock options and RSUs to purchase common stock			24,923


Warrants to purchase common stock			1

			24,924