Net Loss Per Share Attributable to Common Stockholders
The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data):
Year Ended December 31,
202520242023
Class AClass BClass AClass BClass AClass B
Net loss attributable to common stockholders$(33,464)$(20,740)$(50,997)$(47,066)$(65,975)$(81,790)
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted238,509147,818200,277184,836169,331 209,923 
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted$(0.14)$(0.14)$(0.25)$(0.25)$(0.39)$(0.39)
The following potentially dilutive securities outstanding have been excluded from the computations of diluted net loss per share because such securities have an anti-dilutive impact due to losses reported (in thousands):
Year Ended December 31,
202520242023
Outstanding stock options12,914 21,01147,858
Unvested RSUs47,101 42,89133,515
Shares issuable pursuant to the employee stock purchase plan661 1,368 1,828 
Total
60,676 65,27083,201

Historical Timeline

Fiscal YearFiled
2025Feb 18, 2026Showing above
2024Feb 27, 2025

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.