Net Loss Per Share

6 Months Ended

May 31, 2023

The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders, which excludes shares which are legally outstanding but subject to repurchase by the Company (in thousands, except share and per share data):


	Three Months Ended May 31,				Six Months Ended May 31,
	2023		2022		2023		2022
Numerator:
Net loss	$	(24,277)	$	(45,401)	$	(65,010)	$	(87,934)
Denominator:
Weighted-average number of shares outstanding, basic and diluted(1)	54,259,045		44,898,409		54,144,909		44,797,235
Net loss per share, basic and diluted	$	(0.45)	$	(1.01)	$	(1.20)	$	(1.96)


(1)			The shares underlying the pre-funded warrants to purchase shares of the Company’s common stock have been included in the calculation of the weighted-average number of shares outstanding, basic and diluted, for the three and six months ended May 31, 2023.

The following potentially dilutive securities were excluded from the computation of the diluted net loss per share of common stock for the periods presented because their effect would have been anti-dilutive:


	May 31,
	2023	2022
Options to purchase common stock issued and outstanding	8,949,950	6,441,714
Options early exercised subject to vesting	11,893	33,300
Restricted stock units issued and outstanding	1,489,429	678,837
Shares expected to be purchased under employee stock purchase plan	102,506	73,851
Total	10,553,778	7,227,702