Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed using the weighted-average number of shares of common stock outstanding and potential shares assuming the dilutive effect of the Notes, using the if-converted method, and outstanding equity awards using the treasury stock method.

The following table presents the calculation of the basic and diluted net loss per share amounts presented in the condensed consolidated statements of operations and comprehensive loss:


	Three Months Ended March 31,
(In thousands, except per share amounts)	2026		2025
Numerator:
Net loss	$	(8,275)	$	(426,075)

Denominator:
Basic
Weighted average shares used in computing basic net loss per share	305,819		296,858
Basic net loss per share	$	(0.03)	$	(1.44)

Diluted




Weighted average shares used in computing diluted net loss per share	305,819		296,858
Diluted net loss per share	$	(0.03)	$	(1.44)

The following shares issuable upon conversion of the Notes and outstanding equity awards were excluded from the computation of diluted net loss per share for the periods presented because the effect of including such shares would have been antidilutive:


	Three Months Ended March 31,
(In thousands)	2026	2025
Shares issuable upon conversion of convertible senior notes	61,415	61,415




Equity awards	45,219	47,133