Summary of Basic and Diluted Net Loss Per Share of Common Stock |
The following table summarizes the computation of basic and diluted net income per share of our common stock for the three months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | (in thousands, except share and per share data) | | | Numerator: | | | | | | | | | | | | | | Net income used to calculate net income, basic | $ | 8,338 | | | $ | 6,538 | | | $ | 10,443 | | | $ | 7,944 | | | | | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | | Weighted-average common shares outstanding, basic | 64,441,000 | | | 62,496,289 | | | 64,140,087 | | | 62,201,182 | | | | | | | | Weighted-average effect of dilutive shares: | | | | | | | | | | | | | | Dilutive effect of equity incentive plans | 255,992 | | | 570,460 | | | 322,231 | | | 750,328 | | | | | | | | Dilutive effect of convertible senior notes | — | | | 11,183,611 | | | — | | | 11,183,611 | | | | | | | | Weighted-average common shares outstanding, diluted | 64,696,992 | | | 74,250,360 | | | 64,462,318 | | | 74,135,121 | | | | | | | | | | | | | | | | | | | | | | Net income per share, basic | $ | 0.13 | | | $ | 0.10 | | | $ | 0.16 | | | $ | 0.13 | | | | | | | | Net income per share, diluted | $ | 0.13 | | | $ | 0.09 | | | $ | 0.16 | | | $ | 0.11 | | | | | | | |
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Summary of Anti-Dilutive Securities Excluded from Computation Diluted Weighted Average Shares Outstanding |
The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding for the respective periods below because they would have been anti-dilutive: | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | Six Months Ended June 30, | | 2025 | | 2024 | 2025 | | 2024 | | | Options to purchase common stock | — | | | 595,498 | | — | | | 595,498 | | | | Unvested restricted stock units | — | | | 3,644,982 | | — | | | 3,644,982 | | | | Common stock issued in conjunction to acquisitions | 342,962 | | | 36,923 | | 338,527 | | | 36,923 | | | | Shares to be issued under ESPP | 129,195 | | | 85,855 | | 129,195 | | | 85,855 | | | | Convertible senior notes | 10,429,891 | | | 11,183,611 | | 10,429,891 | | | 11,183,611 | | | | Total | 10,902,048 | | | 15,546,869 | | 10,897,613 | | | 15,546,869 | | | |
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