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Loss Per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Loss Per Share | 12. Loss Per Share Basic net loss per share is computed by dividing the net loss by the number of weighted-average outstanding common shares. Diluted net loss per is determined by giving effect to all potential common equivalents during the reporting period, unless including them yields an antidilutive result, and is calculated using the treasury stock method. The Company considers its warrants, Investment Option, restricted stock units and stock options as potential common equivalents, but excluded them from the computation of diluted earnings per share attributable to common stockholders in the periods presented, as their effect was antidilutive during the three and nine months ended September 30, 2023 and 2022. The rights, including the liquidation and dividend rights, of the holders of Series A and Series B common stock are identical, except with respect to voting. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each series of common stock and the resulting basic and diluted net loss per share attributable to common stockholders are, therefore, the same for both Series A and Series B common stock on both individual and combined basis. The following table presents the calculation of basic and diluted net loss per share for the three and nine months ended September 30, 2023 and 2022 (in thousands, except share and per share data):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net loss per share, basic and diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net loss | $ | (297,104) |  |  | $ | (23,873) |  |  | $ | (281,938) |  |  | $ | (48,438) |
Denominator: |  |  |  |  |  |  |
Weighted-average shares - basic and diluted | 240,125,168 |  |  | 231,973,229 |  | 237,411,574 |  |  | 228,271,900 |
Net loss per share attributable - basic and diluted | $ | (1.24) |  |  | $ | (0.10) |  |  | $ | (1.19) |  |  | $ | (0.21) |
Because the Company incurred a net loss position for all periods presented, basic net loss per share is equivalent to diluted net loss per share as the inclusion of all potentially dilutive securities outstanding would have been antidilutive. The following table summarizes the potential common shares excluded from the computation of diluted net income (loss) per share (in thousands):
| As of September 30, |
| 2023 |  | 2022 |
Warrants outstanding | 5,510,113 |  |  | 11,807,381 |  |
Investment Option | 15,743,174 |  |  | 15,743,174 |  |
RSUs outstanding | 13,361,728 |  |  | 10,785,143 |  |
Options outstanding | 31,844,660 |  |  | 34,528,902 |  |
Restricted stock outstanding | — |  |  | 35,727 |  |
Total | 66,459,675 |  |  | 72,900,327 |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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