The Company presents net income (loss) per share in conformity with the two-class method required for multiple classes of common stock and participating securities. Class A, Class B, and Class C common stock share proportionately, on a per share basis, in the Company’s net income (loss) and participate equally in the dividends on common stock, if declared. The Company allocates net income (loss) attributable to common stock between each class of common stock on a one-to-one basis when computing net income (loss) per share. As a result, basic and diluted net income (loss) per share for each class of common stock are equivalent. The Company considers redeemable convertible preferred stock, which was outstanding prior to the Company’s IPO, to be participating securities.

The Company calculates basic net income (loss) per share attributable to common stockholders by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. For the purpose of calculating weighted-average number of shares of common stock outstanding, common stock outstanding prior to the close of the Company’s IPO which were automatically reclassified into an equivalent number of shares of the Company’s Class A common stock upon the IPO have been retroactively adjusted to reflect the reclassification. Diluted net income (loss) per share is computed using the weighted-average number of shares common stock outstanding in each class, after giving consideration to the effect of potentially dilutive securities outstanding during the period, including stock options, unvested shares, and ESPP shares. The dilutive effect of potentially dilutive securities is determined using the treasury stock method. The computation of the diluted net income (loss) per share of Class A common stock assumes the conversion of Class B common stock, while the diluted net income (loss) per share of Class B common stock does not assume the conversion of those shares.


	Three Months Ended June 30,						Six Months Ended June 30,
	2026						2026
	Class A		Class B		Consolidated		Class A		Class B		Consolidated
Basic EPS:
Numerator:
Net income	$	25,520	$	2,330	$	27,850	$	74,482	$	6,824	$	81,306
Net income attributable to common stockholders	$	25,520	$	2,330	$	27,850	$	74,482	$	6,824	$	81,306
Denominator:
Basic weighted-average common shares outstanding	348,049,758		31,770,885		379,820,643		348,770,966		31,952,799		380,723,765
Basic EPS	$	0.07	$	0.07	$	0.07	$	0.21	$	0.21	$	0.21

Diluted EPS:
Numerator:
Net income attributable to common stockholders	$	25,520	$	2,330	$	27,850	$	74,482	$	6,824	$	81,306
Reallocation of net income to Class B common stock	2,330		(81)		—		6,824		(279)		—
Net income for diluted EPS	$	27,850	$	2,249	$	27,850	$	81,306	$	6,545	$	81,306
Denominator:
Basic weighted-average common shares outstanding	348,049,758		31,770,885		379,820,643		348,770,966		31,952,799		380,723,765
Dilutive effect of potentially dilutive securities	13,599,371				13,599,371		16,219,509				16,219,509
Conversion of Class B to Class A common stock	31,770,885						31,952,799				—
Diluted weighted-average common shares outstanding	393,420,014		31,770,885		393,420,014		396,943,274		31,952,799		396,943,274
Diluted EPS	$	0.07	$	0.07	$	0.07	$	0.20	$	0.20	$	0.20


	Three Months Ended June 30,						Six Months Ended June 30,
	2025						2025
	Class A		Class B		Consolidated		Class A		Class B		Consolidated
Basic EPS:
Numerator:
Net income (loss)	$	(876,954)	$	(46,422)	$	(923,376)	$	(880,215)	$	(30,222)	$	(910,437)
Net income (loss) attributable to common stockholders	$	(876,954)	$	(46,422)	$	(923,376)	$	(880,215)	$	(30,222)	$	(910,437)
Denominator:
Basic weighted-average common shares outstanding	120,254,772		6,365,727		126,620,499		93,212,028		3,200,449		96,412,477
Basic EPS	$	(7.29)	$	(7.29)	$	(7.29)	$	(9.44)	$	(9.44)	$	(9.44)

Diluted EPS:
Numerator:
Net income (loss) attributable to common stockholders	$	(876,954)	$	(46,422)	$	(923,376)	$	(880,215)	$	(30,222)	$	(910,437)
Reallocation of net income (loss) to Class B common stock	(46,422)		—		—		(30,222)		—		—
Net income (loss) for diluted EPS	$	(923,376)	$	(46,422)	$	(923,376)	$	(910,437)	$	(30,222)	$	(910,437)
Denominator:
Basic weighted-average common shares outstanding	120,254,772		6,365,727		126,620,499		93,212,028		3,200,449		96,412,477

Conversion of Class B to Class A common stock	6,365,727		—		—		3,200,449		—		—
Diluted weighted-average common shares outstanding	126,620,499		6,365,727		126,620,499		96,412,477		3,200,449		96,412,477
Diluted EPS	$	(7.29)	$	(7.29)	$	(7.29)	$	(9.44)	$	(9.44)	$	(9.44)

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income (loss) per share because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied at the end of the respective periods:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Outstanding options to purchase common stock	10,787,139	33,550,254	9,952,863	33,550,254
Unvested service-based RSUs	11,484,307	23,132,280	2,745,764	23,132,280
Unvested performance-based PSUs	6,603,929	6,729,943	6,603,929	6,729,943
Unvested market-based PSUs	1,600,000	1,600,000	1,600,000	1,600,000
Unvested restricted stock awards	472,244	1,175,709	464,459	1,175,709
Warrants to purchase common stock	—	787,840	—	787,840
Total anti-dilutive securities	30,947,619	66,976,026	21,367,015	66,976,026