Net Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Summary of Reconciliation of Denominator Used in Calculation of Basic and Diluted Net Income (Loss) Per Share

A reconciliation of the denominator used in the calculation of basic and diluted net income (loss) per share is as follows:


	Three Months Ended June 30,								Six Months Ended June 30,
	2026				2025				2026				2025
Net income (loss)	$	43,338			$	(3,258	)		$	75,892			$	(25,051	)
Weighted-average common shares outstanding — basic		50,569				52,696				51,525				52,427
Dilutive effect of share equivalents resulting from stock options, RSUs, ESPP, PSUs, and the Conversion Options		46				—				39				—
Weighted-average common shares, outstanding — diluted		50,615				52,696				51,564				52,427
Net income (loss) per share, basic	$	0.86			$	(0.06	)		$	1.47			$	(0.48	)
Net income (loss) per share, diluted	$	0.86			$	(0.06	)		$	1.47			$	(0.48	)

Schedule of Potentially Dilutive Common Stock Equivalents

The weighted-average number of shares outstanding used in the computation of diluted net income (loss) per share does not include the effect of the following potentially dilutive common stock, as the effect would have been anti-dilutive:


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
		(in thousands)
Options to purchase common shares			95				228				94				228
RSUs and PSUs			2,745				1,802				2,003				1,802
ESPP			136				42				139				42