| Basic and Diluted Net Loss Per Common Share |
15. Basic and Diluted Net Loss Per Common Share The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | Basic and diluted net loss per share | | | | | | | | | Numerator | | | | | | | | | Consolidated net loss | $ | (279,800) | | | $ | (207,195) | | | $ | (496,140) | | | $ | (479,115) | | | Less: net loss attributable to noncontrolling interest | (1,425) | | | (1,312) | | | (2,709) | | | (2,628) | | | Net loss attributable to common stockholders | $ | (278,375) | | | $ | (205,883) | | | $ | (493,431) | | | $ | (476,487) | | | Denominator | | | | | | | | | Weighted-average common shares used in computing net loss per share attributable to common stockholders, based and diluted | 684,837 | | | 642,814 | | | 678,307 | | | 638,917 | | | Net loss per share attributable to common stockholders, basic and diluted | $ | (0.41) | | | $ | (0.32) | | | $ | (0.73) | | | $ | (0.75) | |
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 June 30, | | | 2025 | | 2024 | | Stock options outstanding | 13,086 | | | 35,718 | | | RSUs outstanding | 31,296 | | | 37,702 | | | 2020 ESPP | 822 | | | 2,123 | | PSU awards based on performance target achievement at period-end(1) | 383 | | | 49 | | | Other awards and warrants outstanding or unreleased | 335 | | | 363 | | | Total | 45,922 | | | 75,955 | |
(1)Represents the actual or hypothetical number of unvested shares earned under the Company’s PSU awards, based on actual performance as of the respective balance sheet date.
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