Basic and Diluted Net Loss Per Share (Tables)

6 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Summary of computation of basic and diluted net loss per share

The following table sets forth the computation of the Company’s basic and diluted net loss per share 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	)

Summary of computation of diluted net loss per share

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