Basic net income (loss) per share attributable to common stockholders is calculated by dividing the net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is calculated by giving effect to all potential dilutive common stock equivalents during the period. For purposes of this calculation, options to purchase common stock, RSUs, PSUs, and shares issuable under the ESPP are considered to be potential common stock equivalents.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income (loss)	$	16,922	$	(21,089)	$	7,826	$	(54,078)
Weighted-average common shares outstanding, basic	151,355,834		149,663,744		151,154,487		149,829,900
Dilutive effect of share equivalents
Shares of common stock issuable from stock options	1,173,930		—		1,327,272		—
RSUs and PSUs subject to future vesting	126,870		—		354,397		—
Shares of common stock issuable from ESPP	136,856		—		192,441		—
Weighted-average common shares outstanding, diluted	152,793,490		149,663,744		153,028,597		149,829,900
Net income (loss) per share, basic	$	0.11	$	(0.14)	$	0.05	$	(0.36)
Net income (loss) per share, diluted	$	0.11	$	(0.14)	$	0.05	$	(0.36)

For the three and six months ended June 30, 2026, potentially dilutive shares are included in the calculation of diluted net income per share using the treasury stock method.

Since the Company reported net losses for the three and six months ended June 30, 2025, diluted net loss per share is the same as basic net loss per share. All of the Company’s outstanding stock options, RSUs, PSUs, and shares issuable under the ESPP were excluded in the calculation of diluted net loss per share as the effect would be anti-dilutive.

The following weighted-average potentially dilutive shares are excluded from the calculation of diluted earnings per share as they are anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
RSUs and PSUs subject to future vesting	7,920,780	8,267,286	5,163,328	7,639,155
Shares issuable pursuant to the ESPP	9,980	443,577	6,470	443,948
Shares of common stock issuable from stock options	—	2,799,723	—	2,883,346
Total	7,930,760	11,510,586	5,169,798	10,966,449