Net Loss Per Share

3 Months Ended

Mar. 31, 2023

Note 13. 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):


	Three Months Ended March 31,
	2023			2022
Net loss	$	(33,199	)	$	(36,458	)
Weighted-average shares of common stock used in computing net loss per share, basic and diluted		149,504,216			119,491,433
Net loss per share, basic and diluted	$	(0.22	)	$	(0.31	)

The Company’s potentially dilutive securities, which include 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 as 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:


	March 31,		March 31,
	2023		2022
Options to purchase common stock		25,892,271		17,312,703
Restricted stock subject to future vesting		—		241,328
Options early exercised subject to future vesting		948,179		1,615,888
Estimated shares purchasable under the ESPP		755,809		371,779
Total potentially dilutive shares		27,596,259		19,541,698