Net Loss Per Share

9 Months Ended

Sep. 30, 2023

8. Net Loss Per Share

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share amounts):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Numerator:
Net loss	$	(21,152	)	$	(12,509	)	$	(46,304	)	$	(42,430	)
Denominator:
Weighted-average common shares outstanding		43,020,965			42,646,810			42,822,677			42,614,902
Less: weighted-average unvested restricted common stock subject to repurchase		(2,107	)		(209,421	)		(2,762	)		(330,928	)
Less: weighted-average unvested common stock issued upon early exercise of common stock options		(150,518	)		(440,194	)		(200,840	)		(506,922	)
Weighted-average shares used to compute net loss per common share, basic and diluted		42,868,340			41,997,195			42,619,075			41,777,052
Net loss per share, basic and diluted	$	(0.49	)	$	(0.30	)	$	(1.09	)	$	(1.02	)

The following table sets forth the outstanding potentially dilutive securities that have been excluded from the calculation of diluted net loss per share because their inclusion would be anti-dilutive.


	As of September 30,
	2023		2022
Unvested restricted common stock subject to repurchase		1,865		127,760
Unvested common stock upon early exercise of stock options		124,644		368,127
Options to purchase common stock		8,110,570		5,948,170
		8,237,079		6,444,057