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Net Loss Per Share Attributable to Common Stockholders
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders Net Loss Per Share Attributable to Common Stockholders
The Company presents basic and diluted net loss per share attributable to common stockholders in conformity with the two-class method required for participating securities. Prior to the completion of the IPO, all series of redeemable convertible preferred stock were considered participating securities. Immediately prior to the completion of the IPO, all shares of redeemable convertible preferred stock then outstanding were converted into shares of Class B common stock. The Company has not allocated net loss attributable to common stockholders to redeemable convertible preferred stock in any period presented because the holders of its redeemable convertible preferred stock were not contractually obligated to share in losses.
The Company calculates basic net loss per share attributable to common stockholders by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share attributable to common stockholders gives effect to all potential shares of common stock, including common stock issuable upon conversion of redeemable convertible preferred stock and redeemable convertible preferred stock warrants, stock options, RSUs and common stock warrants to the extent these are dilutive.
The Company calculated basic and diluted net loss per share attributable to common stockholders as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Numerator
Net loss attributable to Class A and Class B common stockholders$(44,688)$(68,554)$(105,286)$(81,392)
Denominator
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted544,704,146 234,669,664 543,524,008 183,784,697 
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted$(0.08)$(0.29)$(0.19)$(0.44)
Basic net loss per share is the same as diluted net loss per share because the Company reported a net loss for the three and six months ended June 30, 2022 and 2021.
The rights, including the liquidation and dividend rights, of the holders of Class A common stock and Class B common stock are identical, except with respect to voting. As the liquidation and dividend rights are identical for Class A common stock and Class B common stock, the undistributed earnings are allocated on a proportionate basis and the resulting loss per share will, therefore, be the same for both Class A common stock and Class B common stock on an individual or combined basis.
The Company considered its proportionate share of the potentially dilutive shares issued by its equity method investee in its dilutive net loss per share calculation. All potentially dilutive shares of its equity method investee were excluded from the computation as they would have an anti-dilutive effect.
Potentially dilutive securities that were excluded from the computation of diluted net loss per share because including them would have had an anti-dilutive effect were as follows:
As of June 30,
20222021
Warrants to purchase Class B common stock1,900,000 2,103,610 
Stock options outstanding, including early exercise of options41,524,641 48,319,951 
Unvested RSUs outstanding20,470,957 8,423,137 
Shares committed under the ESPP247,589 — 
Stock options and RSUs available for future grants75,973,184 60,474,494 
Total140,116,371 119,321,192