Net Income (Loss) Per Share (Tables)

The following table sets forth the computation of the basic and diluted net income (loss) per share attributable to common stockholders during the periods presented.


	Three Months Ended March 31,
	2026		2025
Basic and diluted net income (loss) per share:
Numerator:
Net income (loss) attributable to common stockholders	$	(142,401)	$	8,611
Denominator:
Weighted-average shares outstanding used in computing net income (loss) per share, basic	523,485		214,883
Net income (loss) per share, basic	$	(0.27)	$	0.04
Diluted net income (loss) per share:
Numerator:
Net income (loss) attributable to common stockholders	$	(142,401)	$	8,611
Reallocation of net income to common stockholders considering potentially dilutive securities	—		334
Net income (loss) attributable to common stockholders considering potentially dilutive securities	$	(142,401)	$	8,945
Denominator:
Weighted-average shares outstanding used in computing net income (loss) per share, basic	523,485		214,883
Effect of dilutive securities:
Stock options	—		15,933
Warrants	—		260
Weighted-average shares outstanding used in computing net income (loss) per share, diluted	523,485		231,076
Net income (loss) per share, diluted	$	(0.27)	$	0.04

The weighted-average impact of potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive, or the issuance of such shares is contingent upon

the satisfaction of certain conditions which were not satisfied at the end of the respective periods, was as follows:


	Three Months Ended March 31,
	2026	2025
Employee share-based awards(1)	52,150	55,313
Unvested RSAs	1,462	84
CEO equity awards(2) (3)	28,960	19,937
Stock options	8,638	—
Total	91,210	75,334

(1)For the three months ended March 31, 2025, employee share-based awards excluded in the dilutive per share calculation include only RSUs subject to a service and performance condition which were excluded due to the RSUs being contingently issuable as of March 31, 2025. For the three months ended March 31, 2026, employee share-based awards excluded in the dilutive per share calculation include RSUs, excluding the CEO equity awards, and shares issuable pursuant to the 2025 ESPP.

(2)For the three months ended March 31, 2025, the equity awards excluded in the dilutive per share calculation include the 2021 CEO Market Award and the 2021 CEO Service Award (as defined and described in the Form 10-K), which were excluded due to the awards being contingently issuable as of March 31, 2025.