Basic and Diluted Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Computation of Company's Basic and Diluted Net Income (Loss) Per Share of Common Stock

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share of common stock (in thousands, except per share data):


	Three Months Ended March 31,
		2026		2025
Numerator
Net income (loss)		$	30,618	$	(10,328)
Denominator
Weighted-average common shares outstanding for basic net income (loss) per share		84,662		91,015
Effect of dilutive securities:
Shares of common stock issuable under equity incentive awards outstanding		1,586		—
Shares of common stock related to convertible preferred stock		743		—

Weighted-average common shares outstanding for diluted net income (loss) per share		86,991		91,015
Basic net income (loss) per share		$	0.36	$	(0.11)
Diluted net income (loss) per share		$	0.35	$	(0.11)

Schedule of Potential Shares of Common Stock Excluded from Diluted Weighted-Average Common Shares Outstanding

The following table summarizes the potentially dilutive common shares that were excluded from diluted weighted-average common shares outstanding because including them would have had an anti-dilutive effect (in thousands):


	Three Months Ended March 31,
		2026	2025
Shares of common stock issuable under equity incentive plans outstanding		4,915	8,085
Shares of common stock related to convertible preferred stock		—	743

Potential common shares excluded from diluted net loss per share		4,915	8,828