Net Loss Per Share

12 Months Ended

Dec. 31, 2021

Note 14. Net loss per share

The following table summarizes the computation of basic and diluted net loss per share of the Company (in thousands, except share and per share data):


	Year Ended December 31,
	2021			2020
Net loss	$	(122,764	)	$	(101,660	)
Weighted-average shares of common stock used in computing net loss per share, basic and diluted		66,290,592			21,037,540
Net loss per share, basic and diluted	$	(1.85	)	$	(4.83	)

The Company’s potentially dilutive securities, which include its convertible preferred stock prior to the IPO, options to purchase common stock, shares purchasable under the ESPP and common stock subject to repurchase related to unvested restricted stock and options early exercised, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:


	Year Ended December 31,
	2021		2020
Convertible preferred stock issued		—		54,653,883
Conversion of convertible preferred stock in future issuance (B-2)		—		10,979,319
Options to purchase common stock		13,818,212		6,666,515
Restricted stock subject to future vesting		425,615		1,503,303
Options early exercised subject to future vesting		1,854,427		2,686,456
Estimated shares purchasable under the ESPP		384,526	—
Total potentially dilutive shares		16,482,780		76,489,476