Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method

Basic and diluted net income (loss) per share for the three and six months ended June 30, 2025 and 2024 were calculated as follows (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net income (loss)	$	5,085	$	(12,674)	$	5,117	$	(48,053)
Denominator:
Weighted average shares of common stock outstanding: basic	209,519		206,425		209,203		206,244
Net income (loss) per common share: basic	$	0.02	$	(0.06)	$	0.02	$	(0.23)
Effect of dilutive securities:
Stock options to purchase common stock	6,360		—		5,380		—
Unvested restricted stock unit awards	3,973		—		2,966		—
Shares issuable under the employee stock purchase plan	34		—		25		—
Dilutive potential common shares	10,367		—		8,371		—
Weighted average shares of common stock outstanding: diluted	219,886		206,425		217,574		206,244
Net income (loss) per common share: diluted	$	0.02	$	(0.06)	$	0.02	$	(0.23)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes potential shares of common stock that were excluded from the computation of diluted net income (loss) per share attributable to common stockholders as they were anti-dilutive:


	As of June 30, 2025	As of June 30, 2024
Outstanding stock options	21,790	39,013
Unvested restricted stock unit awards	248	5,986
Total	22,038	44,999