Numerator, basic:

Net income (loss)

$

(42,258

)

$

22,720

Allocation of earnings to participating preferred stockholders

—

19,574

Net income (loss) applicable to common stockholders

$

(42,258

)

$

3,146

Denominator, basic:

Weighted average common shares issued

19,352,859

2,313,115

Less: weighted average unvested common stock issued upon early exercise of stock options

—

(4,143

)

Weighted average shares used to compute net income (loss) per common share, basic

19,352,859

2,308,972

Numerator, diluted:

Net income (loss) attributable to common stockholders

$

(42,258

)

$

3,146

Change in fair value of preferred stock warrant liability

—

(5

)

Change in fair value of investor rights and obligations liability

—

(2,867

)

Net income (loss) applicable to common stockholders

$

(42,258

)

$

274

Denominator, diluted:

Weighted average shares used to compute net income (loss) per common share, diluted

19,352,859

2,308,972

Common stock options

—

998,452

Unvested common stock issued upon early exercise of stock options

—

4,143

Preferred stock warrants (as converted to common stock)

—

1,695

Investor rights and obligations

—

82,249

Weighted average shares used to compute net income (loss) per common share, diluted

19,352,859

3,395,514

Net income (loss) per share, basic

$

(2.18

)

$

1.36

Net income (loss) per share, diluted

$

(2.18

)

$

0.08