Net Loss Per Share

6 Months Ended

Jun. 30, 2023

Net loss per share is computed using the two-class method. Basic net loss per share is computed using the weighted average number of shares of common stock outstanding for the period. Diluted net loss per share reflects the effect of the assumed exercise of any stock options, the vesting of any restricted stock units, the exercise of any warrants (including the Public Warrants and the Private Warrants), the conversion of any convertible debt (including the Notes), and the conversion of any convertible preferred stock, in each case only in the periods in which such effect would have been dilutive.

For the three and six months ended June 30, 2023, net loss per share amounts were the same for Class A and Class B common stock because the holders of each class are entitled to equal per share dividends. For the three and six months ended June 30, 2022, net loss per share amounts were the same for Class A, Class B, and Class C common stock because the holders of each class are entitled to equal per share dividends.

The table below presents the computation of basic and diluted net loss per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net loss	$	(27,836)	$	(23,581)	$	(64,097)	$	(68,147)
Net income attributable to the redeemable noncontrolling interest	—		—		—		164
Net income (loss) attributable to noncontrolling interests	—		184		(260)		348
Net loss attributable to holders of Class A, Class B, and Class C common stock	$	(27,836)	$	(23,765)	(63,837)		(68,659)
Denominator:
Weighted average common shares outstanding, basic and diluted	141,950		137,381		141,330		136,906
Net loss per common share, basic and diluted	$	(0.20)	$	(0.17)	$	(0.45)	$	(0.50)

The table below presents the details of securities that were excluded from the calculation of diluted net income (loss) per share as the effect would have been anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Stock options	3,718	4,235	3,718	4,235
Restricted stock units	12,998	5,958	12,998	3,546
Warrants	9,876	9,876	9,876	9,876
Convertible notes	12,000	12,000	12,000	12,000

Additionally, the calculation of diluted loss per share excluded 2.4 million RSUs for the six months ended June 30, 2022, for which the related liquidity condition had not been met.