Schedule of Earnings Per Share, Basic and Diluted |
For periods in which the Company reports net losses, basic and diluted net loss per share are the same because potentially dilutive common shares are not assumed to have been issued if their effect is anti-dilutive. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | Six Months Ended June 30, | | | | | 2024 | | 2025 | | | | 2024 | | 2025 | Numerator: | | | | | | | | | | | | | Net income (loss) | | | | $ | (54,470) | | | $ | 5,607 | | | | | $ | (119,068) | | | $ | 3,160 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | Weighted-average common shares outstanding used to calculate net income (loss) per share, basic | | | | 88,435,893 | | | 95,526,364 | | | | | 87,733,294 | | | 94,903,909 | | Weighted-average effect of dilutive securities | | | | — | | | 7,325,920 | | | | | — | | | 8,273,674 | | Weighted-average common shares outstanding used to calculate net income (loss) per share, diluted | | | | 88,435,893 | | | 102,852,284 | | | | | 87,733,294 | | | 103,177,583 | | | | | | | | | | | | | | | Net income (loss) per share, basic | | | | $ | (0.62) | | | $ | 0.06 | | | | | $ | (1.36) | | | $ | 0.03 | | Net income (loss) per share, diluted | | | | $ | (0.62) | | | $ | 0.05 | | | | | $ | (1.36) | | | $ | 0.03 | |
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following securities were excluded from the computation of diluted net income (loss) per share for the periods presented, due to their anti-dilutive effect. These amounts represent the number of instruments outstanding at the end of each respective period:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | Six Months Ended June 30, | | | 2024 | | 2025 | | | | 2024 | | 2025 | | | | | | | | | | | | Options to purchase common stock | | 13,229,971 | | | 9,839,891 | | | | | 13,229,971 | | | 9,839,891 | | Unvested RSUs | | 5,141,818 | | | 3,152,602 | | | | | 5,141,818 | | | 3,152,602 | | | | | | | | | | | | | Purchase rights committed under the ESPP | | 152,542 | | | 65,540 | | | | | 152,542 | | | 65,540 | | | | | | | | | | | | | Convertible debt | | 2,318,078 | | | 15,929,353 | | | | | 2,318,078 | | | 15,929,353 | | | | | | | | | | | | | Total | | 20,842,409 | | | 28,987,386 | | | | | 20,842,409 | | | 28,987,386 | |
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