The following table presents the Company’s basic net income (loss) per share (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income (loss) per share, basic:
Net income (loss)	$	43,425	$	(9,506)	$	38,687	$	(22,337)



Weighted average shares of Class A and Class B common stock outstanding	81,659		90,569		82,659		94,297
Net income (loss) per share, basic	$	0.53	$	(0.10)	$	0.47	$	(0.24)

The following table presents the Company’s diluted net income (loss) per share (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income (loss) per share, diluted:
Numerator:
Net income (loss)	$	43,425	$	(9,506)	$	38,687	$	(22,337)





Denominator:
Weighted average shares of Class A and Class B common stock outstanding, basic	81,659		90,569		82,659		94,297
Effect of dilutive securities:
Options to purchase common stock	24		—		32		—

Unvested restricted stock units	991		—		618		—


Weighted average shares of Class A and Class B common stock outstanding, diluted	82,674		90,569		83,309		94,297
Net income (loss) per share, diluted	$	0.53	$	(0.10)	$	0.46	$	(0.24)

The weighted average number of potentially dilutive common stock equivalents of 6.1 million and 6.7 million were excluded from the computation of diluted net loss per share during the three and six months ended June 30, 2026, respectively, because their inclusion would have been anti-dilutive. The weighted average number of potentially dilutive common stock equivalents of 10.8 million and 11.2 million were excluded from the computation of diluted net loss per share during the three and six months ended June 30, 2025, respectively, because their inclusion would have been anti-dilutive.