Net Loss Per Share Attributable to Common Stockholders

12 Months Ended

Dec. 31, 2021

Net Loss Per Share Attributable to Common Stockholders

Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average shares of common stock outstanding during the period. Diluted loss per share attributable to common stockholders is the same as basic net loss per share attributable to common stockholders for all years presented because the effects of potentially dilutive items were antidilutive given the Company’s net loss in each period presented.

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share amounts):


	Years Ended December 31,
	2019		2020		2021
Numerator:
Net loss	$	(84,840)	$	(177,870)	$	(732,673)
Less: Accretion of redeemable convertible preferred stock	(201)		(20,959)		(4,135)
Less: Deemed dividend on exchange of Series A-2 redeemable convertible preferred stock for Class A common stock	(60,000)		—		—
Net loss attributable to common stockholders, basic and diluted	$	(145,041)	$	(198,829)	$	(736,808)
Denominator:
Weighted-average shares used in computing net loss per share, basic and diluted	$	58,700,441	$	58,929,271	$	169,080,392
Net loss per share:
Net loss per share attributable to common stockholders, basic and diluted	$	(2.47)	$	(3.37)	$	(4.36)

The following outstanding potentially dilutive ordinary share equivalents have been excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented due to their antidilutive effect:


	Years Ended December 31,
	2019	2020	2021
Redeemable convertible preferred stock	74,939,388	102,074,703	—
Options to purchase common stock	7,571,031	13,295,497	7,684,778
RSUs subject to future vesting	—	1,100,000	5,949,798
SVAs subject to future vesting	—	3,653,146	315,559
Redeemable convertible preferred stock warrants	—	16,459,024	—
Early exercised options subject to future vesting	—	—	40,000
Common stock contingently issuable under ESPP	—	—	31,514
Total	82,510,419	136,582,370	14,021,649