| Computation of Basic and Diluted Net Loss Per Share |
The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share attributable to common stockholders:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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(In thousands, except share and per share data) |
| Numerator: |
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| Net income (loss) |
$ |
127,950 |
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$ |
(12,538) |
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$ |
62,608 |
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$ |
(26,086) |
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| Denominator: |
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| Basic weighted average shares outstanding |
184,282,194 |
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16,150,202 |
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183,892,304 |
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16,085,750 |
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| Effect of dilutive securities: |
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| Common stock options |
18,043,859 |
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— |
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19,130,274 |
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— |
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| Restricted stock units |
— |
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— |
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3,890 |
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— |
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| Diluted weighted average shares outstanding |
202,326,053 |
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16,150,202 |
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203,026,468 |
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16,085,750 |
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| Net income (loss) per share |
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| Basic |
$ |
0.69 |
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$ |
(0.78) |
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$ |
0.34 |
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$ |
(1.62) |
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| Diluted |
$ |
0.63 |
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$ |
(0.78) |
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$ |
0.31 |
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$ |
(1.62) |
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| Schedule of Potentially Dilutive Shares Excluded from Computation of Net Loss Per Share |
The following potentially dilutive shares of common stock equivalents “on an as-converted basis” were excluded from the computation of diluted net income (loss) per share attributable to common stockholders as including them would have had an antidilutive effect:
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Three Months Ended June 30, |
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Six months ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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| Redeemable convertible preferred stock |
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— |
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147,876,672 |
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— |
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147,876,672 |
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| Convertible promissory note |
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— |
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6,756,757 |
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— |
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6,756,757 |
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| Redeemable convertible preferred stock warrants |
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— |
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408,729 |
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— |
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408,729 |
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| Common stock warrants |
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13,075,000 |
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293,856 |
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13,075,000 |
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293,856 |
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| Restricted stock units |
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5,355,860 |
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— |
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5,351,970 |
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— |
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| Common stock options |
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1,493,147 |
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26,997,994 |
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406,732 |
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26,997,994 |
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| Total potentially dilutive common share equivalents |
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19,924,007 |
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182,334,008 |
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18,833,702 |
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182,334,008 |
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