v3.26.1
Net Income Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table shows the computation of basic and diluted net income per share (in thousands, except per share amounts):
Three Months Ended March 31,
20262025
Numerator:
Net income$1,104 $5,127 
Denominator:
Weighted-average common stock used in computing net income per share — basic174,866 176,829 
Effect of potentially dilutive securities
Options to purchase common stock36 60 
RSU and PSUs
2,111 3,713 
Employee stock purchase plan— 14 
Weighted-average common stock used in computing net income per share — diluted177,013 180,616 
Net income per share — basic$0.01 $0.03 
Net income per share — diluted$0.01 $0.03 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents the number of stock options, RSUs, and PSUs, excluded from the calculation of diluted net income per share because they are anti-dilutive (in thousands):
Three Months Ended March 31,
20262025
Options to purchase common stock
4,99010,298
RSU and PSUs(1)
21,93622,495
Employee stock purchase plan
42612
Total
27,35232,805

(1) For the three months ended March 31, 2026, anti-dilutive PSUs include the 2026 PSUs granted in March 2026 and reflected at 100% of target, as well as PSUs granted in July 2024 and November 2024 at 200% and 275% of target, respectively. For the three months ended March 31, 2025, anti-dilutive PSUs include PSUs granted in July 2024 and November 2024 at 200% and 325% of target, respectively.