Basic and Diluted Net Loss Per Common Share (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Basic and diluted net loss per share
Numerator
Consolidated net loss	$	(240,447)	$	(278,808)	$	(719,562)	$	(833,597)
Less: net loss attributable to noncontrolling interest	(1,123)		(1,650)		(3,751)		(5,349)
Net loss attributable to common stockholders	$	(239,324)	$	(277,158)	$	(715,811)	$	(828,248)
Denominator
Weighted-average common shares used in computing net loss per share attributable to common stockholders, based and diluted	650,961		619,350		642,977		612,938
Net loss per share attributable to common stockholders, basic and diluted	$	(0.37)	$	(0.45)	$	(1.11)	$	(1.35)

Schedule of Antidilutive Securities

The potential shares of common stock that were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive are as follows (in thousands):


	As of September 30,
	2024	2023
Stock options outstanding	32,160	43,306
RSUs outstanding	36,467	36,880
2020 ESPP	1,665	3,406
2023 PSUs Awards based on performance target achievement at period-end (1)	43	—
Stock warrants outstanding	264	264
RSAs outstanding	50	276
Total	70,649	84,132

(1)Represents the hypothetical number of shares that would have been earned under the Company’s 2023 PSU Awards had the performance period ended on the balance sheet date.