| Net Income (Loss) Per Share |
Net Income (Loss) Per Share The following table presents the computation of basic and diluted net income (loss) per share (in thousands, except per share amounts): | | | | | | | | | | | | | Three Months Ended
March 31, | | 2026 | | 2025 | | Basic | | | | | Numerator: | | | | Net income (loss) | $ | 228 | | | $ | (17,484) | | | Denominator: | | | | Weighted average shares used to compute net income (loss) per share, basic | 111,726 | | | 105,159 | | | | | | Net income (loss) per share, basic | $ | — | | | $ | (0.17) | | | | | | | Diluted | | | | | Numerator: | | | | | Net income (loss) | $ | 228 | | | $ | (17,484) | | Convertible senior notes activity, net of tax | (370) | | | — | | Net loss, diluted | $ | (142) | | | $ | (17,484) | | | Denominator: | | | | Weighted average shares used to compute net income (loss) per share, basic | 111,726 | | | 105,159 | | | Shares related to convertible senior notes | 404 | | | — | | Weighted average shares used to compute net income (loss) per share, diluted | 112,130 | | | 105,159 | | | | | | Net income (loss) per share, diluted | $ | — | | | $ | (0.17) | |
The following table presents potential weighted-average shares of common stock outstanding that were excluded from the computation of diluted net income (loss) per share because including them would have been anti-dilutive (in thousands): | | | | | | | | | | | | | Three Months Ended
March 31, | | 2026 | | 2025 | | Shares related to stock plan activity | 4,429 | | | 10,091 | | | Shares related to convertible senior notes | — | | | 6,620 | | | Total common stock equivalents | 4,429 | | | 16,711 | |
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