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Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Computation of Net Loss per Share

Computation of net loss per share for the years ended December 31, 2024, 2023, and 2022, was as follows (in thousands, except per share data):

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss from operations

 

$

(138,885

)

 

$

(74,656

)

 

$

(190,098

)

Induced conversion of redeemable preferred stock

 

 

(46,014

)

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(184,899

)

 

$

(74,656

)

 

$

(190,098

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding during the period

 

 

353,245

 

 

 

79,160

 

 

 

78,305

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(0.52

)

 

$

(0.94

)

 

$

(2.43

)

 

Schedule of Potential Common Shares Excluded from Computations of Net Loss Per Share Attributed to Common Stockholders

The following potentially dilutive common shares were excluded from the computations of diluted net loss per share for the periods presented because including them would have been anti-dilutive (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

RSUs, PSUs, stock options, restricted shares and ESPP shares

 

 

52,602

 

 

 

16,740

 

 

 

15,752

 

Series B Preferred Stock

 

 

 

 

 

75,164

 

 

 

75,164

 

2019 Notes

 

 

 

 

 

18,966

 

 

 

18,966

 

2014 Notes

 

 

5

 

 

 

10

 

 

 

10

 

Warrants

 

 

11,692

 

 

 

 

 

 

 

Total

 

 

64,299

 

 

 

110,880

 

 

 

109,892