| Net Loss per Share Attributable to Common Stockholders |
Net Loss per Share Attributable to Common Stockholders Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Because the Company reported a net loss for the three and nine months ended September 30, 2024 and 2023, the number of shares used to calculate diluted net loss per common share is the same as the number of shares used to calculate basic net loss per common share for those periods presented because the potentially dilutive shares would have been antidilutive if included in the calculation.
The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
Basic net income (loss) per share: |
2024 |
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2023 |
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2024 |
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2023 |
| Numerator: |
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Net Income (loss) attributable to common stockholders |
$ |
(143,878) |
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$ |
1,525 |
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$ |
(361,757) |
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$ |
(397,947) |
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| Denominator: |
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Basic weighted-average shares outstanding |
695,011,457 |
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672,559,810 |
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688,718,075 |
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638,388,011 |
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Basic net income (loss) per share attributable to common stockholders |
$ |
(0.21) |
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$ |
0.00 |
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$ |
(0.53) |
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$ |
(0.62) |
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Diluted net income (loss) per share: |
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Numerator |
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Net Income (loss) attributable to common stockholders |
$ |
(143,878) |
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$ |
1,525 |
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$ |
(361,757) |
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$ |
(397,947) |
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| Less: |
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Income attributable to participating stockholders(1)
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— |
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(46) |
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— |
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— |
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| Diluted net income (loss) attributable to common stockholders |
(143,878) |
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1,479 |
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(361,757) |
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(397,947) |
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| Denominator: |
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| Number of shares used in basic net income (loss) per share computation |
695,011,457 |
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672,559,810 |
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688,718,075 |
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638,388,011 |
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| Weighted-average dilutive securities |
— |
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18,895,352 |
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— |
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— |
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| Diluted weighted-average common stock outstanding |
695,011,457 |
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691,455,162 |
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688,718,075 |
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638,388,011 |
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| Diluted net income (loss) per share attributable to common stockholders |
$ |
(0.21) |
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$ |
0.00 |
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$ |
(0.53) |
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$ |
(0.62) |
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(1) Participating securities include Earnout shares, unvested early exercised options and unvested restricted stock awards.
The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive:
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Three and Nine Months Ended September 30, 2024 |
| Common stock warrants |
28,783,069 |
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| Unvested restricted stock units |
42,928,074 |
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| Options to purchase common stock and unvested restricted stock awards |
13,426,025 |
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| Total |
85,137,168 |
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2023 |
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2023 |
| Common stock warrants |
28,783,333 |
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28,783,333 |
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| Unvested restricted stock units |
3,596,979 |
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29,342,561 |
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| Options to purchase common stock and unvested restricted stock awards |
3,959,867 |
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18,216,147 |
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| ESPP |
— |
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1,042,062 |
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| Total |
36,340,179 |
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77,384,103 |
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