Net Loss Per Share

9 Months Ended

Sep. 30, 2023

12. Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share and excludes shares which are legally outstanding, but subject to repurchase by us:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Net loss (in thousands)	$	(92,664	)	$	(57,917	)	$	(221,465	)	$	(145,435	)
Weighted-average shares outstanding used in computing net loss per share, basic and diluted(1)		101,668,655			61,989,347			95,367,751			60,166,583
Net loss per share, basic and diluted	$	(0.91	)	$	(0.93	)	$	(2.32	)	$	(2.42	)

(1)

Includes shares of common stock into which pre-funded warrants may be exercised as of September 30, 2023. See Note 8, "Pre-Funded Warrants."

The following potentially dilutive securities outstanding as of the periods presented below were excluded from the computation of diluted net loss per share for the three and nine months ended September 30, 2023 and 2022 because including them would have been anti-dilutive:


	As of September 30,
	2023		2022
Stock options		9,293,865		7,657,799
Restricted stock units		700,418		420,167
Employee stock purchase plan shares		104,016		103,060
Total		10,098,299		8,181,026