Net Loss per Share

9 Months Ended

Sep. 30, 2020

Net Loss per Share

Net Loss per Share

12. Net Loss per Share

Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period, excluding shares subject to repurchase and without consideration of potentially dilutive securities. Diluted net loss per share is computed by giving effect to all potentially dilutive common shares outstanding for the period. For purposes of this computation, outstanding common stock options, and restricted stock units are considered to be common share equivalents. Common share equivalents are excluded from the computation in periods in which they have an anti-dilutive effect, unless the consideration of any one of them gives a dilutive effect.

The following table provides the basic and diluted net loss per share computations for the three and nine months ended September 30, 2020 and 2019.

	Three months ended				Nine months ended
	September 30,				September 30,
(in thousands, except per share data)	2020		2019		2020		2019
Numerator:
Net loss, basic and diluted	$	(58,323)	$	(23,137)	$	(153,331)	$	(89,644)
Denominator:
Weighted-average number of shares used in computing net loss per share, basic and diluted		80,908		70,456		79,430		67,198
Net loss per share, basic and diluted	$	(0.72)	$	(0.33)	$	(1.93)	$	(1.33)

The following table shows total outstanding potentially dilutive shares excluded from the computation of diluted loss per share as their effect would be anti-dilutive, as of September 30, 2020 and 2019:

	September 30,
	2020	2019
	(in thousands)
Options to purchase common stock	7,265	8,798
Restricted stock units	3,901	2,269
Employee stock purchase plan	122	124
Convertible Notes	7,411	—
Total	18,699	11,191