v3.24.3
Net (Loss) Income Per Share Attributable to Common Stockholders
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share Attributable to Common Stockholders Net (Loss) Income Per Share Attributable to Common Stockholders
Basic net (loss) income per share is computed by dividing the net (loss) income by the weighted-average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed by dividing net (loss) income by the weighted-average number of shares of common stock outstanding adjusted for the dilutive effect of all potential shares of common stock. In periods when the Company reported a net loss, diluted net loss per share is the same as basic net loss per share because the effects of potentially dilutive items were anti-dilutive.
The Company calculated basic and diluted net (loss) income per share attributable to common stockholders as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2024
2023 (1)
2024
2023 (1)
Class A
Class B
Class A
Class B
Class A
Class B
Class A
Class B
Numerator
Net (loss) income attributable to common stockholders, basic$(26,581)$(2,062)$(49,222)$(5,768)$49,672 $4,733 $(163,352)$(19,235)
Net (loss) income attributable to common stockholders, diluted$(26,581)$(2,062)$(49,222)$(5,768)$49,419 $4,986 $(163,352)$(19,235)
Denominator
Weighted-average shares used in computing basic net (loss) income per share attributable to common stockholders470,642 36,518 473,949 55,540 468,994 44,684 479,352 56,445 
Effect of dilutive potential shares of common stock— — — — 5,522 3,194 — — 
Weighted-average shares used in computing diluted net (loss) income per share attributable to common stockholders470,642 36,518 473,949 55,540 474,516 47,878 479,352 56,445 
Net (loss) income per share attributable to common stockholders, basic$(0.06)$(0.06)$(0.10)$(0.10)0.11 0.11 (0.34)(0.34)
Net (loss) income per share attributable to common stockholders, diluted$(0.06)$(0.06)$(0.10)$(0.10)0.10 0.10 (0.34)(0.34)
(1) The prior period Net (loss) income per share for Class A and Class B common stock has been presented separately to conform with current period presentation, which had no impact on our previously reported basic or diluted Net (loss) income per share.
As the liquidation and dividend rights are identical for Class A common stock and Class B common stock, the undistributed earnings are allocated on a proportionate basis and the resulting (loss) income per share will, therefore, be the same for both Class A common stock and Class B common stock on an individual or combined basis.
Potentially dilutive securities that were excluded from the computation of diluted net (loss) income per share because including them would have had an anti-dilutive effect were as follows:
Nine Months Ended September 30, 2024
Class A
Class B
Stock options, restricted stock, and employee stock purchase plan
27,821 17,327 
The following potentially dilutive securities were excluded from the computation of diluted net (loss) income per share during the three months ended September 30, 2024 and the three and nine months ended September 30, 2023 because including them would have had an anti-dilutive effect as the Company was in a loss position during the period:
Three Months Ended
September 30, 2024
As of September 30, 2023
Class AClass B
Class A
Class B
Warrants to purchase Class B common stock
— 1,900 — 1,900 
Stock options, restricted stock, and employee stock purchase plan
45,983 7,464 50,333 29,453 
Total45,983 9,364 50,333 31,353