| Net (Loss) Income Per Share |
16. Net (Loss) Income Per Share The following table sets forth the computation of the Company’s basic and diluted net (loss) income per share:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Nine months ended June 30, | | (in thousands, except per share data) | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | | Net (loss) income, basic and diluted | | $ | (35,051) | | | $ | 20,390 | | | $ | (109,579) | | | $ | (50,532) | | | Denominator: | | | | | | | | | | Weighted average shares used in computing net (loss) income per share, basic | | 62,403 | | 59,995 | | 61,726 | | 59,600 | | Effect of dilutive securities: | | | | | | | | | | Stock options | | — | | 483 | | — | | — | | Restricted stock units | | — | | 124 | | — | | — | | Performance-based restricted stock units | | — | | 548 | | — | | — | | Employee stock purchase plan | | — | | 14 | | — | | — | | Weighted average shares used in computing net (loss) income per share, diluted | | 62,403 | | 61,164 | | 61,726 | | 59,600 | | Net (loss) income per share, basic | | $ | (0.56) | | | $ | 0.34 | | | $ | (1.78) | | | $ | (0.85) | | | Net (loss) income per share, diluted | | $ | (0.56) | | | $ | 0.33 | | | $ | (1.78) | | | $ | (0.85) | |
The potentially dilutive common shares that were excluded from the calculation of diluted net (loss) income per share because their effect would have been antidilutive for the periods presented are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Nine months ended June 30, | | (in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | | Shares subject to options (including performance options) to purchase common stock | | 999 | | 249 | | 999 | | 1,463 | | Unvested restricted stock units and performance stock units | | 4,997 | | 3,470 | | 4,997 | | 4,015 | | Shares subject to employee stock purchase plan | | 59 | | — | | 59 | | 75 | | Total | | 6,055 | | 3,719 | | 6,055 | | 5,553 |
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