| Basic and Diluted Net Loss Per Common Share |
16. 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): | | | | | | | | | | | | | | | | | | | Year ended December 31, | | 2025 | | 2024 | | 2023 | Basic and diluted net loss per share | | | | | | Numerator | | | | | | Consolidated net loss | $ | (1,071,618) | | | $ | (940,614) | | | $ | (1,158,937) | | Less: net loss attributable to noncontrolling interest | (6,561) | | | (5,230) | | | (6,991) | | Net loss attributable to common stockholders | $ | (1,065,057) | | | $ | (935,384) | | | $ | (1,151,946) | | Denominator | | | | | | Weighted-average common shares used in computing net loss per share attributable to common stockholders, basic and diluted | 689,612 | | | 647,482 | | | 616,445 | | Net loss per share attributable to common stockholders, basic and diluted | $ | (1.54) | | | $ | (1.44) | | | $ | (1.87) | |
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 December 31, | | 2025 | | 2024 | | 2023 | Stock options outstanding | 9,178 | | | 27,458 | | | 40,159 | | RSUs outstanding | 24,524 | | | 34,941 | | | 39,846 | | | 2020 ESPP | 1,382 | | | 1,634 | | | 3,347 | | Other awards(1) and warrants outstanding or unreleased | 2,229 | | | 740 | | | 422 | | Total | 37,313 | | | 64,773 | | | 83,774 | |
|