NET INCOME (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2021

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator - Basic:
Net income (loss)	$	115,612	$	(18,785)	$	(67,157)	$	(55,237)
Less: Deemed Dividend	—		—		—		(9,484)
Net income (loss) attributable to common stockholders, basic	$	115,612	$	(18,785)	$	(67,157)	$	(64,721)

Numerator - Diluted:
Net income (loss) attributable to common stockholders, basic	115,612		(18,785)		(67,157)		(64,721)
Less: Gain from decrease in fair value and redemption of warrants	(137,001)		—		—		—
Net loss attributable to common stockholders, diluted	(21,389)		(18,785)		(67,157)		(64,721)

Denominator:
Weighted-average number of shares outstanding used to compute net income (loss) per share attributable to common stockholders, basic	135,231,146		39,844,652		92,436,649		40,087,247
Dilutive potential common shares	5,054,019		—		—		—
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, diluted	140,285,165		39,844,652		92,436,649		40,087,247

Net income (loss) per share attributable to common stockholders, basic	$	0.85	$	(0.47)	$	(0.73)	$	(1.61)
Net loss per share attributable to common stockholders, diluted	$	(0.15)	$	(0.47)	$	(0.73)	$	(1.61)

The following potentially dilutive shares were not included in the calculation of diluted shares outstanding for the periods presented as the effect would have been anti-dilutive:


	September 30, 2021	September 30, 2020
Convertible preferred stock	—	175,593,919
Outstanding convertible promissory notes	—	35,358,748
Outstanding stock options	9,165,901	43,971,965
Outstanding warrants	23,673	6,001,639
Outstanding RSUs	1,759,077	—
Outstanding convertible preferred stock warrants	—	39,697,463
Total	10,948,651	300,623,734