Net Loss Per Share

3 Months Ended

Mar. 31, 2020

13. NET LOSS PER SHARE

The Company’s basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding for the period. For purposes of the calculation of diluted net loss per share options to purchase common stock, restricted stock units and unvested shares of common stock issued upon the early exercise of stock options are considered common stock equivalents but have been excluded from the calculation of diluted net loss per share as their effect is antidilutive.

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):

	Three Months Ended
	March 31, 2020			March 31, 2019
Numerator:
Net loss	$	(54,612	)	$	(9,732	)
Denominator:
Weighted-average shares used in computing net loss per share, basic and diluted		120,180			110,877
Net loss per share, basic and diluted	$	(0.45	)	$	(0.09	)

Common shares that would be excluded from the calculation of diluted net loss per share because of their anti-dilutive effect are as follows (in thousands):

	Three Months Ended
	March 31, 2020		March 31, 2019
Equity awards to purchase common stock		15,227		18,459
Unvested shares of common stock issued upon early exercise of stock options and business acquisition		19		57
Total		15,246		18,516