Similarweb Ltd. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Net income (loss) per share

12 Months Ended

Dec. 31, 2021

Basic and diluted net income (loss) per ordinary share is presented in conformity with the two-class method required for participating securities.

The following table presents the calculation of basic and diluted net (loss) income per share:


	Year Ended December 31,
	2019		2020		2021

	(in thousands, except share and per share data)
Numerator:
Net loss	$	(17,707)	$	(21,996)	$	(68,979)
Deemed dividend	—		(825)		—
Net loss attributable to ordinary shareholders	$	(17,707)	$	(22,821)	$	(68,979)

Denominator:
Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted	13,427,020		14,442,172		53,201,603
Net loss per share attributable to ordinary shareholders, basic and diluted	$	(1.32)	$	(1.58)	$	(1.30)

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	Year Ended December 31,
	2019	2020	2021

Convertible preferred shares	45,786,714	50,657,042	—
Outstanding share options	9,887,125	9,874,165	9,981,394
RSU	—	132,500	967,797
Treasury stock	2,168	2,168	2,168
Total	55,676,007	60,665,875	10,951,359