Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted net income per share attributable to common stockholders for the periods indicated. Basic net income per share is calculated using the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is calculated using the weighted-average number of shares of common stock outstanding including the dilutive effect of all potential shares of common stock as determined under the treasury stock method. Dilutive common shares primarily include outstanding stock options, unvested restricted stock units (“RSUs”), and Employee Stock Purchase Plan (“ESPP”) related shares.


	Three Months Ended March 31,
(in thousands, except share and per share data)	2026		2025
Numerator:


Net income attributable to common stockholders	$	49,053	$	11,352
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders:
Basic	211,032,788		201,744,601

Effect of dilutive securities	6,014,611		16,670,222
Diluted	217,047,399		218,414,823
Net income per share attributable to common stockholders:
Basic	$	0.23	$	0.06
Diluted	$	0.23	$	0.05

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:


	Three Months Ended March 31,
	2026	2025
Stock options outstanding	—	1,250
RSUs outstanding	6,904,020	608,728
ESPP	406,234	358,480
Total	7,310,254	968,458