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Net Loss per Share Attributable to Common Stockholders
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Net Loss per Share Attributable to Common Stockholders Net Loss per Share Attributable to Common Stockholders
The Company computes net loss per share using the two-class method required for multiple classes of common stock and participating securities. The rights of the holders of the Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net losses.
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 shares of common stock outstanding during the period. The diluted net loss per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents during the period. For purposes of this calculation, the Company’s stock options, share purchase rights
pursuant to the Company’s ESPP, and unvested restricted stock are considered to be potential common stock equivalents, but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is antidilutive.
The following table presents the calculation of basic and diluted net loss per share (in thousands, except share and per share data):
Three Months Ended March 31,
20232022
Class AClass BClass AClass B
Numerator:
Net loss attributable to common stockholders$(9,302)$(7,811)$(3,488)$(9,042)
Denominator for basic and diluted net loss per share:
Weighted-average shares used in computing net loss per share attributable to common stockholders – basic and diluted18,439,15215,483,5318,502,65722,039,285
Net loss per share attributable to common stockholders – basic and diluted$(0.50)$(0.50)$(0.41)$(0.41)
Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common shares outstanding would have been antidilutive. The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented are as follows:
March 31,
20232022
RSUs3,986,997 908,449 
Stock options11,763,927 14,399,126 
Shares issuable pursuant to the ESPP295,879 172,777 
Total
16,046,803 15,480,352