| Schedule of Calculation of Basic and Diluted Net Loss Per Share |
We calculated basic and diluted net income (loss) per share as follows (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | Basic net income (loss) per share: | | | | | | | | | | | | | | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) | $ | (40,314) | | | $ | (6,355) | | | $ | 34,066 | | | $ | 4,689 | | | $ | (104,581) | | | $ | (15,675) | | | $ | 41,871 | | | $ | 5,806 | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-average shares used in computing net income (loss) per share, basic | 486,259 | | | 76,654 | | | 594,953 | | | 81,899 | | | 521,471 | | | 78,158 | | | 594,282 | | | 82,406 | | | | | | | | | | | Basic net income (loss) per share | $ | (0.08) | | | $ | (0.08) | | | $ | 0.06 | | | $ | 0.06 | | | $ | (0.20) | | | $ | (0.20) | | | $ | 0.07 | | | $ | 0.07 | | | | | | | | | | | Diluted net income (loss) per share: | | | | | | | | | | | | | | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | | Net income (loss) | $ | (40,314) | | | $ | (6,355) | | | $ | 34,066 | | | $ | 4,689 | | | $ | (104,581) | | | $ | (15,675) | | | $ | 41,871 | | | $ | 5,806 | | | | | | | | | | | | Reallocation of net income as a result of conversion of Class B to Class A common stock | — | | | — | | | 4,689 | | | — | | | — | | | — | | | 5,806 | | | — | | | | | | | | | | | | Reallocation of net income to Class B common stock | — | | | — | | | — | | | (88) | | | — | | | — | | | — | | | (109) | | | | | | | | | | | Diluted net income (loss) | $ | (40,314) | | | $ | (6,355) | | | $ | 38,755 | | | $ | 4,601 | | | $ | (104,581) | | | $ | (15,675) | | | $ | 47,677 | | | $ | 5,697 | | | | | | | | | | | | Denominator | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-average shares used in computing net income (loss) per share, basic | 486,259 | | | 76,654 | | | 594,953 | | | 81,899 | | | 521,471 | | | 78,158 | | | 594,282 | | | 82,406 | | | | | | | | | | | | Conversion of Class B to Class A common stock | — | | | — | | | 81,899 | | | — | | | — | | | — | | | 82,406 | | | — | | | | | | | | | | | | Weighted average effect of dilutive potential common stock | — | | | — | | | 12,985 | | | — | | | — | | | — | | | 12,910 | | | — | | | | | | | | | | | Weighted-average shares used in computing net income (loss) per share, diluted | 486,259 | | | 76,654 | | | 689,837 | | | 81,899 | | | 521,471 | | | 78,158 | | | 689,598 | | | 82,406 | | | | | | | | | | | Diluted net income (loss) per share | $ | (0.08) | | | $ | (0.08) | | | $ | 0.06 | | | $ | 0.06 | | | $ | (0.20) | | | $ | (0.20) | | | $ | 0.07 | | | $ | 0.07 | | | | | | | | | | |
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| Schedule of Anti-Dilutive Securities Excluded from the Calculation |
We excluded the following weighted-average potential shares of common stock from our calculation of diluted net income (loss) per share because these would be anti-dilutive (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | | | Outstanding stock options | 8,554 | | | — | | | 8,554 | | | — | | | | | | | | | Unvested restricted stock units and restricted stock awards | 77,844 | | | 11,490 | | | 59,489 | | | 11,682 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ASR | 1,931 | | | — | | | 3,062 | | | — | | | | | | | | | Total | 88,329 | | | 11,490 | | | 71,105 | | | 11,682 | | | | | | | |
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