| Net Income Per Share Attributable to Common Stockholders The following table presents the reconciliation of the numerator and denominator for calculating basic and diluted net income per share (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 31, | | 2026 | | 2025 | | 2024 | Numerator | | | | | | | Net income | $ | 196,051 | | | $ | 223,185 | | | $ | 147,582 | | | | | | | | | | | | | | Denominator | | | | | | Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders, basic | 187,014 | | | 186,841 | | | 190,172 | | | Dilutive effect of stock options | 10,435 | | | 13,021 | | | 15,346 | | | | | | | | | Dilutive effect of common stock warrants | — | | | — | | | 72 | | | Dilutive effect of other share-based awards | 1,599 | | | 1,346 | | | 144 | | Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders, diluted | 199,048 | | | 201,208 | | | 205,734 | | Net income per share attributable to Class A and Class B common stockholders: | | | | | | | Basic | $ | 1.05 | | | $ | 1.19 | | | $ | 0.78 | | | Diluted | $ | 0.98 | | | $ | 1.11 | | | $ | 0.72 | |
Certain potentially dilutive securities have been excluded from the calculation of diluted net income per share during the applicable periods because their inclusion would have been anti-dilutive (in thousands): | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 31, | | 2026 | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | | | Other share-based awards | 189 | | | 102 | | | 883 | | | Common stock warrants | 231 | | | 379 | | | 516 | | | Total | 420 | | | 481 | | | 1,399 | |
Other share-based awards consist of RSUs, PSUs, and ESPP rights.
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