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Basic and Diluted Net Loss Per Share (Tables)
6 Months Ended 12 Months Ended
Jul. 31, 2021
Jan. 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
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders for the years ended January 31, 2021, 2020, and 2019:
 
(in thousands, except share and per share data)   
Year Ended January 31,
 
    
2021
   
2020
   
2019
 
Numerator:
                        
Net loss attributable to common stockholders
   $ (274,200   $ (134,327   $ (108,087
Denominator:
                        
Weighted average shares used in computing net loss per share attributable to common stockholders, basic and diluted
     15,116,763       8,893,787       4,342,517  
    
 
 
   
 
 
   
 
 
 
Net loss per share attributable to common stockholders, basic and diluted
  
$
(18.14
 
$
(15.10
 
$
(24.89
    
 
 
   
 
 
   
 
 
 
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
 
    
 
 
    
 
 
 
 
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 for the periods presented because including them would have had an antidilutive effect were as follows:
 
    
Year Ended January 31,
 
    
2021
    
2020
    
2019
 
Redeemable convertible preferred stock (on an
as-converted
basis)
     193,037,715        170,686,661        168,052,012  
Options to purchase common stock
     30,167,178        34,883,465        31,662,022  
Unvested restricted common stock
     —          166,100        564,740  
Unvested early exercised common stock options
     371,193        58,830        58,971  
Redeemable convertible preferred stock warrants
(on an as-converted
basis)
     2,358,546        2,358,546        2,358,546  
Common stock warrants
     36,402,515        14,051,462        13,173,245  
    
 
 
    
 
 
    
 
 
 
Total potentially dilutive common share equivalents
  
 
262,337,147
 
  
 
222,205,064
 
  
 
215,869,536