v3.26.1
Basic and Diluted Net (Loss) 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 sets forth the computation of the Company’s basic and diluted net (loss) income per share attributable to common stockholders for the three months ended March 31 (in thousands, except share and per share amounts):
 
Three Months Ended March 31,
 20262025
 Class AClass VClass AClass V
Numerator:
Net (loss) income attributable to common stockholders, basic$(88,736)$(3,379)$47,617 $1,868 
Reallocation of undistributed earnings— — 187 (187)
Net (loss) income attributable to common stockholders, diluted(88,736)(3,379)47,804 1,681 
Denominator:
Weighted average shares outstanding, basic219,979,680 8,377,623 213,611,704 8,377,623 
Effect of dilutive potential common shares— — 24,620,905 — 
Weighted average shares outstanding, diluted219,979,680 8,377,623 238,232,609 8,377,623 
Basic net (loss) income per share$(0.40)$(0.40)$0.22 $0.22 
Diluted net (loss) income per share$(0.40)$(0.40)$0.20 $0.20 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table discloses weighted-average Class A securities that were not included in the computation of diluted net (loss) income per share as their inclusion would have been anti-dilutive:

Three Months Ended March 31,
20262025
RSUs14,701,819 913,504 
Convertible notes14,149,300 — 
Stock options9,603,189 — 
Common stock issuable under the ESPP703,226 — 
Warrants to purchase Class A common stock271,962 —