NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2023

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed using the weighted-average number of shares of common stock outstanding and potential shares assuming the dilutive effect of the convertible senior notes, using the if-converted method, and outstanding equity awards using the treasury stock method.

The following table presents the calculation of the basic and diluted net loss per share amounts presented in the Condensed Consolidated Statements of Operations and Comprehensive Loss (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net loss	$	(69,833)	$	(71,394)	$	(157,848)	$	(152,893)

Denominator:
Basic
Weighted average shares used in computing basic net loss	250,070		224,499		246,074		223,400
Basic net loss per share	$	(0.28)	$	(0.32)	$	(0.64)	$	(0.68)

Diluted




Weighted average shares used in computing diluted net loss per share	250,070		224,499		246,074		223,400
Diluted net loss per share	$	(0.28)	$	(0.32)	$	(0.64)	$	(0.68)

The following shares issuable upon conversion of the convertible senior notes and outstanding equity awards were excluded from the computation of diluted net loss per share for the periods presented because the effect of including such shares would have been antidilutive (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Shares issuable upon conversion of convertible senior notes	31,063	20,690	31,063	20,690




Equity Awards	29,773	25,925	29,773	25,925

As described in Note 2 – Business Acquisitions in Part II, Item 8 of the Annual Report on Form 10-K for the year ended December 31, 2022, the contingently issuable shares would be due upon the achievement of a milestone.