Earnings Per Share

9 Months Ended

Sep. 30, 2022

The Company computes earnings per share of common stock using the two-class method required for participating securities. The participating securities did not impact the computation of earnings per share in the periods presented as no dividends were declared and the participating securities are not contractually obligated to share in losses.

Subsequent to the Merger, the Company has two classes of common stock with identical liquidation and dividend rights, Class A and Class B. The net loss is allocated in a proportionate basis to each class of common stock and results in the same net loss per share.

Share amounts and net loss per share have been recast for the nine months ended September 30, 2021 to reflect the Exchange Ratio from the Merger.

The following table presents the potential common stock outstanding excluded from the computation of diluted loss per share because including them would have had an antidilutive effect:


	As of
	September 30, 2022	September 30, 2021
Redeemable convertible preferred stock	—	444,912,850
Stock options	64,655,088	85,270,695
Restricted stock units	107,873,058	36,838,825
Private placement warrants	8,900,000	—
Public warrants	12,218,291	—
Earnout shares liability	5,162,314	—
Total	198,808,751	567,022,370