Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Net Income (Loss) Per Share, Basic and Diluted

The following table presents the basic and diluted net loss per share:


	Three Months Ended
	March 31, 2025		March 31, 2024
	(in thousands, except per share data)
Basic and Diluted Net Loss Per Share:
Net loss	$	(9,634)	$	(17,757)
Weighted-average common shares outstanding used to compute net loss per share	141,852		139,297


Basic and diluted net loss per share	$	(0.07)	$	(0.13)

Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income (Loss) Per Share

The following weighted-average shares have been excluded from the calculation of diluted net loss per share attributable to common stockholders for each period presented because they were anti-dilutive:


	Three Months Ended
	March 31, 2025	March 31, 2024
	(in thousands)
Unvested restricted stock units	5,117	2,558
Options to purchase common stock	2,087	1,572
Unvested performance stock units	987	241
ESPP shares	65	65
Convertible Senior Notes	3,210	3,210
Total shares excluded from diluted net loss per share	11,466	7,646

MAGNITE, INC. 10-Q