Net Loss Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2022

Net Loss Per Share Attributable to Common Stockholders

Basic net loss per share of common stock attributable to common stockholders is calculated by dividing net loss attributable to common stockholders by the weighted-average shares of common stock outstanding for the period. Diluted net 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):


	Three Months Ended March 31,
	2021		2022
Numerator:
Net loss	$	(385,160)	$	(111,903)
Less: Accretion of redeemable convertible preferred stock	(4,135)		—
Net loss attributable to common stockholders, basic and diluted	$	(389,295)	$	(111,903)
Denominator:
Weighted-average shares used in computing net loss per share, basic and diluted	60,576,886		222,526,454
Net loss per share:
Net loss per share attributable to common stockholders, basic and diluted	$	(6.43)	$	(0.50)

The following potentially dilutive outstanding shares were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect, or because issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:


	As of March 31,
	2021	2022
Redeemable convertible preferred stock	120,534,419	—
Options to purchase common stock	14,161,313	5,507,932
RSUs subject to future vesting	1,160,360	4,778,113
SVAs subject to future vesting	3,590,126	222,697
Early exercised options subject to future vesting*	55,000	35,000
Common stock contingently issuable under ESPP	—	26,421
Total	139,501,218	10,570,163

*Refer to Note 5. Stock-Based Compensation for further detail.