Net Loss Per Share

3 Months Ended

Mar. 31, 2024

The Company computes net loss per share of the Class A common stock and Class B common stock using the two-class method required for participating securities. Basic and diluted loss per share are the same for each class of common stock because they are entitled to the same liquidation and dividend rights. The effect of potentially dilutive common shares is reflected in diluted earnings per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted loss per Class A common stock and Class B common stock (in thousands, except for share and per share data):


	Three Months Ended March 31,
	2024		2023
Numerator:
Net loss – basic and diluted	$	(26,723)	$	(35,593)
Denominator:
Weighted average common shares outstanding – basic and diluted	18,461,221		20,883,293
Net loss per share attributable to common stockholders – basic and diluted	$	(1.45)	$	(1.70)

The following outstanding common stock equivalents were considered antidilutive, and therefore, excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented (share numbers are not in thousands).


	As of March 31,
	2024	2023
Common stock warrants	226,786	226,786
Common stock options	696,973	992,954
Performance stock units	567,604	—
Restricted stock units	2,320,487	2,650,360
Total	3,811,850	3,870,100