v3.26.1
Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders
The following table sets forth the computation of the basic and diluted net income (loss) per share attributable to common stockholders during the periods presented.
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Basic and diluted net income (loss) per share:
Numerator:
Net income (loss) attributable to common stockholders
$(112,152)$846 $(254,553)$21,777 
Denominator:
Weighted-average shares outstanding used in computing net income (loss) per share, basic
527,460 215,062 525,542 214,973 
Net income (loss) per share, basic
$(0.21)$— $(0.48)$0.10 
Diluted net income (loss) per share:
Numerator:
Net income (loss) attributable to common stockholders$(112,152)$846 $(254,553)$21,777 
Reallocation of net income to common stockholders considering potentially dilutive securities— 34 — 856 
Net income (loss) attributable to common stockholders considering potentially dilutive securities$(112,152)$880 $(254,553)$22,633 
Denominator:
Weighted-average shares outstanding used in computing net income (loss) per share, basic527,460 215,062 525,542 214,973 
Effect of dilutive securities:
Stock options— 16,351 — 16,152 
Warrants— 260 — 260 
RSUs— 29 — 
Weighted-average shares outstanding used in computing net income (loss) per share, diluted527,460231,702525,542231,386
Net income (loss) per share, diluted$(0.21)$— $(0.48)$0.10 
Schedule of Weighted Average Impact of Potentially Dilutive Securities
The weighted-average impact of potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive, or the issuance of such shares is contingent upon
the satisfaction of certain conditions which were not satisfied at the end of the respective periods, was as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Employee share-based awards(1)
63,189 57,634 57,670 56,930 
Unvested RSAs1,360 623 1,411 354 
CEO equity awards(2) (3)
28,773 19,443 28,867 19,285 
Stock options6,227 — 7,433 — 
Total99,549 77,700 95,381 76,569 
__________________
(1)For the three and six months ended June 30, 2025, employee share-based awards excluded from the dilutive per share calculation under the two-class method include RSUs subject to a service and performance condition due to the RSUs being contingently issuable as of June 30, 2025, along with certain RSUs subject to only a service condition because the impact would be anti-dilutive. For the three and six months ended June 30, 2026, employee share-based awards excluded from the dilutive per share calculation include RSUs, excluding the CEO equity awards, and shares issuable pursuant to the 2025 ESPP.
(2)For the three and six months ended June 30, 2025, the equity awards excluded from the dilutive per share calculation include the 2021 CEO Market Award and the 2021 CEO Service Award (as defined and described in the Form 10-K), which were excluded due to the awards being contingently issuable as of June 30, 2025.
(3)For the three and six months ended June 30, 2026 and 2025, the CEO equity awards excluded from the dilutive per share calculation include the 2025 CEO Service Award and the 2025 CEO Stock Price Award. See Note 8 “Stockholders’ Equity” for further details.