Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Net Loss Per Share

Summary of computation of basic and diluted net loss per share attributable to ordinary shareholders

The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders, which excludes unvested restricted shares and shares which are legally outstanding, but subject to repurchase by the Company (in thousands, except per share amounts):

	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 30,				SEPTEMBER 30,
	2023		2022		2023		2022
Numerator:
Net loss attributable to ordinary shareholders	$	(23,862)	$	(12,417)	$	(65,117)	$	(39,446)
Accretion of redeemable convertible preferred shares to their redemption value		—		—		—		(1,515)
Net loss attributable to ordinary shareholders	$	(23,862)	$	(12,417)	$	(65,117)	$	(40,961)
Denominator:
Weighted-average ordinary shares outstanding		114,948		10,510		100,700		10,918
Less: weighted-average unvested restricted ordinary shares subject to repurchase		—		(730)		(87)		(1,490)
Weighted-average ordinary shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted		114,948		9,780		100,613		9,428
Net loss per share attributable to ordinary shareholders, basic and diluted	$	(0.21)	$	(1.27)	$	(0.65)	$	(4.34)

Summary of outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented because including them would have been antidilutive (in thousands):

	AS OF
	SEPTEMBER 30,
	2023	2022
Options to purchase ordinary shares	11,894	7,329
Redeemable convertible preferred shares	—	67,018
Ordinary share warrants	—	112
Unvested restricted ordinary share awards	—	573
Total	11,894	75,032