Net Loss per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2024

Net Loss per Share Attributable to Common Stockholders

5. Net Loss per Share Attributable to Common Stockholders

Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Because the Company has reported a net loss for all periods presented, diluted net loss per common share is the same as basic net loss per common share for those periods. The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company:


	Three Months Ended March 31,
	2024			2023
	(In thousands, except share and per share data)
Numerator—basic and diluted:
Net loss	$	(72,400	)	$	(41,126	)
Net loss attributable to common stockholders—basic and diluted	$	(72,400	)	$	(41,126	)
Net loss per share attributable to common stockholders—basic and diluted	$	(0.85	)	$	(0.59	)
Denominator—basic and diluted:
Weighted-average number of common shares used to compute net loss per share attributable to common stockholders—basic and diluted		85,213,200			69,438,890

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding because such securities have an antidilutive impact due to losses reported (in common stock equivalent shares):


	March 31,
	2024		2023
Options to purchase common stock		11,872,530		9,536,312
Employee Stock Purchase Plan		31,645		15,331
Non-vested restricted stock units (RSUs)		1,520,999		392,288

For additional information related to the Company’s common stock see Note 10.