Basic net loss per share is calculated by dividing the net loss by the weighted average number of outstanding shares of common stock each period. Diluted net loss per share is calculated by giving effect to all potential dilutive common stock equivalents, which includes stock options and restricted stock units. Because the Company incurred net losses each period, the basic and diluted calculations are the same. Basic and diluted net loss per share are the same for each class of common stock, as both Class A and Class B stockholders are entitled to the same liquidation and dividend rights.

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


	Year Ended December 31,
	2024		2023		2022
Net loss attributable to common shareholders	$	(61,971)	$	(66,427)	$	(50,240)
Weighted average common shares outstanding	56,935,910		55,664,404		54,611,616
Net loss per share, basic and diluted	$	(1.09)	$	(1.19)	$	(0.92)

The following outstanding shares of common stock equivalents were excluded from the calculation of diluted net loss per share for each period, as the impact of including them would have been anti-dilutive.


	As of December 31,
	2024	2023	2022
Stock options outstanding	—	27,010	57,010
RSUs outstanding	4,661,191	3,724,707	2,692,277


Total potentially dilutive shares	4,661,191	3,751,717	2,749,287