v3.25.2
Net (Loss) Income per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net (Income) Loss per Share Attributable to Common Stockholders
The following table illustrates the determination of basic and diluted net income (loss) per share for each period presented (in thousands, except share and per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Numerator:
Net (loss) income
$(43,103)$55,031$(60,452)$78,527
Denominator:
Weighted‑average common shares outstanding, basic
41,338,75234,180,54941,206,97433,838,811
Effect of dilutive securities
—1,326,480—1,309,410
Weighted‑average common shares outstanding, diluted
41,338,75235,507,02941,206,97435,148,221
Net (loss) income per share, basic
$(1.04)$1.61$(1.47)$2.32
Net (loss) income per share, diluted
$(1.04)$1.55$(1.47)$2.23
Schedule of Antidilutive Securities Excluded from Computation of Net Loss Per Share
The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net income (loss) per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Unvested restricted stock units
2,484,03830,2002,484,03882,880
Unvested performance stock units
438,500—438,500—
Stock options to purchase common stock6,008,6443,768,9876,008,6443,809,263
8,931,1823,799,1878,931,1823,892,143