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Basic and Diluted Net Loss Per Share | 6 Months Ended
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Jul. 31, 2021
Earnings Per Share [Abstract] |
Basic and Diluted Net Loss per Share | 13. Basic and Diluted Net Loss per Share The following table sets forth the computation of the Company’s ba s ic and diluted net loss per s h are attributable to common stockholders for the three and six months ended July 31, 2021 and 2020:
|  | Three Months Ended July 31, |  |  | Six Months Ended July 31, |
|  | 2021 |  |  |  |  |  | 2020 |  |  | 2021 |  |  | 2020 |
|  | (in thousands, except share and per share data) |  |  | (in thousands, except share and per share data) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (84,938 | ) |  |  |  |  |  | $ | (35,287 | ) |  | $ | (2,649 | ) |  | $ | (65,385 | )
Adjust: Accretion of beneficial conversion feature of redeemable convertible preferred stock |  |  | — |  |  |  |  |  |  |  | (58,625 | ) |  |  | — |  |  |  | (58,625 | )
Adjust: Cumulative dividends on redeemable convertible preferred stock |  |  | — |  |  |  |  |  |  |  | — |  |  |  | (4,292 | ) |  |  | — |
Adjust: Deemed dividends attributable to vested option holders |  |  | — |  |  |  |  |  |  |  | — |  |  |  | (51,855 | ) |  |  | — |
Adjust: Deemed dividends attributable to common stock warrant holders |  |  | — |  |  |  |  |  |  |  | — |  |  |  | (110,635 | ) |  |  | — |
Net loss attributable to common stockholders - Basic |  |  | (84,938 | ) |  |  |  |  |  |  | (93,912 | ) |  |  | (169,431 | ) |  |  | (124,010 | )
Less: Gain attributable to earnout shares issued |  |  | — |  |  |  |  |  |  |  | — |  |  |  | (84,420 | ) |  |  | — |
Less: Change in fair value of dilutive warrants |  |  | (7,427 | ) |  |  |  |  |  |  | — |  |  |  | (53,540 | ) |  |  | — |
Net loss attributable to common stockholders - Diluted |  | $ | (92,365 | ) |  |  |  |  |  | $ | (93,912 | ) |  | $ | (307,391 | ) |  | $ | (124,010 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 312,465,016 |  |  |  |  |  |  |  | 13,537,501 |  |  |  | 266,473,703 |  |  |  | 12,822,481 |
Less: Weighted-average unvested restricted shares and shares subject to repurchase |  |  | (237,490 | ) |  |  |  |  |  |  | (68,824 | ) |  |  | (276,221 | ) |  |  | — |
Weighted average shares outstanding - Basic |  |  | 312,227,526 |  |  |  |  |  |  |  | 13,468,677 |  |  |  | 266,197,482 |  |  |  | 12,822,481 |
Add: Earnout Shares under the treasury stock method |  |  | — |  |  |  |  |  |  |  | — |  |  |  | 7,464,203 |  |  |  | — |
Add: Public and Private Placement Warrants under the treasury stock method |  |  | 1,374,574 |  |  |  |  |  |  |  | — |  |  |  | 1,915,315 |  |  |  | — |
Weighted average shares outstanding - Diluted |  |  | 313,602,100 |  |  |  |  |  |  |  | 13,468,677 |  |  |  | 275,577,000 |  |  |  | 12,822,481 |
Net loss per share - Basic |  | $ | (0.27 | ) |  |  |  |  |  | $ | (6.97 | ) |  | $ | (0.64 | ) |  | $ | (9.67 | )
Net loss per share - Diluted |  | $ | (0.29 | ) |  |  |  |  |  | $ | (6.97 | ) |  | $ | (1.12 | ) |  | $ | (9.67 | )
As a result of the Merger, the Company has retroactively adjusted the weighted-average number of shares of Common Stock outstanding prior to the Closing Date by multiplying them by the Exchange Ratio of 0.9966 used to determine the number of shares of Common Stock into which they converted. The Common Stock issued as a result of the redeemable convertible preferred stock conversion on the Closing Date was included in the basic net loss per share calculation on a prospective basis. Redeemable convertible preferred stock and preferred stock warrants outstanding prior to the Merger Closing Date were excluded from the diluted net loss per share calculation for the six-months period ended July 31, 2021, because including them would have had an antidilutive effect . The potential shares of Common Stock that were excluded from the computation of diluted net loss per share attributable to common stockholders at each period end because including them would have had an antidilutive effect were as follows:
|  | July 31, 2021 |  |  | July 31, 2020 |
Redeemable convertible preferred stock (on an as-converted basis) |  |  | — |  |  |  | 192,469,995 |
Options to purchase common stock |  |  | 26,401,717 |  |  |  | 39,463,877 |
Restricted stock units |  |  | 4,017,149 |  |  |  | — |
Unvested early exercised common stock options |  |  | 211,464 |  |  |  | 102,781 |
Common stock and preferred stock warrants |  |  | 37,075,846 |  |  |  | 38,193,342 |
Total potentially dilutive common share equivalents |  |  | 67,706,176 |  |  |  | 270,229,995 |

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