Net Loss Per Share Attributable to Common Stockholders

6 Months Ended

Jun. 30, 2024

Net Loss Per Share Attributable to Common Stockholders

15.

Net Loss Per Share Attributable to Common Stockholders

Basic net loss per share is computed using the two-class method, by dividing the net loss by the weighted-average number of shares of common stock of the Company outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock of the Company, outstanding stock options, warrants, to the extent dilutive. However, the unvested restricted stock, restricted stock units and performance stock units as of June 30, 2024 and 2023 of 50,036,335 and 62,423,787, respectively, are not considered as participating securities and are anti-dilutive and as such are excluded from the weighted average number of shares used for calculating basic and diluted net loss per share. Basic and diluted net loss per share was the same for each period presented as the inclusion of all potential shares of common stock of the Company outstanding would have been anti-dilutive.

The following table sets forth the calculation of basic and diluted net loss per share attributable to common stockholders during the periods presented:


	Three months ended June 30,		Six months ended June 30,
	2024	2023	2024	2023
Numerator:
Net loss	$(28,066)	$(52,159)	$(67,632)	$(109,114)
Denominator:
Class A common stock	160,039,714	138,491,529	156,645,066	136,467,190
Class B common stock	17,830,524	16,105,977	17,830,524	15,867,057
Denominator for Basic and Dilutive loss per share – weighted-average common stock	177,870,238	154,597,506	174,475,591	152,334,247
Basic loss per share	$(0.16)	$(0.34)	$(0.39)	$(0.72)
Dilutive loss per share	$(0.16)	$(0.34)	$(0.39)	$(0.72)

Since the Company was in a net loss position for all periods presented, the inclusion of all potential common equivalent shares outstanding would have been anti-dilutive. Therefore, net loss per share attributable to common stockholders was the same on a basic and diluted basis.

Anti-dilutive weighted-average common equivalent shares were as follows:


	Three months ended June 30,				Six months ended June 30,
	2024		2023		2024		2023
Options		4,203,861		1,728,436		3,386,749		1,420,724
Restricted stock and restricted stock units		46,026,163		58,261,747		47,022,047		58,515,968
Performance stock units		7,529,122		4,473,066		6,142,399		3,979,028