
	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(unaudited)				(unaudited)
Net loss per share, basic and diluted
Numerator:
Net loss	$	(40,537)	$	(40,978)	$	(151,563)	$	(64,720)
Denominator:
Weighted-average shares outstanding used in calculating net loss per share, basic and diluted	73,959,819		69,625,540		73,280,290		69,091,777
Net loss per share, basic and diluted	$	(0.55)	$	(0.59)	$	(2.07)	$	(0.94)

During the three and six months ended June 30, 2026 and 2025, we incurred net losses and, therefore, the effect of our stock options, restricted stock units, performance-based restricted stock units, convertible senior notes, employee stock purchase plan, and restricted shares were not included in the calculation of diluted net loss per share as the effect would be anti-dilutive.

The calculation of diluted net loss per share does not include the effect of the following potentially outstanding shares of common stock. The effects of these potentially outstanding shares were not included in the calculation of diluted net loss per share when the effect would have been anti-dilutive:


	As of June 30,
	2026	2025
	(unaudited)
Common stock options	702,941	1,011,809
Restricted stock units	4,427,696	5,190,758
Performance-based restricted stock units	301,502	2,672,798


Restricted shares	106,196	106,196
Shares issuable as acquisition-related contingent consideration(1)	—	—
Total potentially dilutive securities	5,538,335	8,981,561

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(1)The Upfront acquisition includes contingent consideration based on certain recurring revenue-based earn-out performance targets for Upfront during an earn-out period that ends on December 31, 2026. The Upfront contingent consideration is capped and will be paid in a combination of equity and cash to the extent achieved. If the earn-out were to be fully achieved, we would be required to issue approximately 2.7 million shares of common stock related to this acquisition in early 2027. There were no anti-dilutive shares issuable as acquisition-related contingent consideration presented as of June 30, 2026 in the table above as the amounts presented above are calculated based on the earn-out achieved and the estimated number of shares that would be issuable if the outstanding acquisition-related contingent consideration liabilities were to be settled as of that date.