Net Income per Share Attributable to Common Stockholders


15.						Net Income per Share Attributable to Common Stockholders

The computation of basic and diluted net income per share attributable to common stockholders was as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2026		2025		2026

	(in millions, except share amounts, which are reflected in thousands, and per share amounts)
Numerator:
Net income	$	116	$	111	$	222	$	256

Less: Accretion related to Series A redeemable convertible preferred stock	(2)		(2)		(5)		(5)
Net income attributable to common stockholders, basic	$	114	$	109	$	218	$	251

Add: Accretion related to Series A redeemable convertible preferred stock	2		2		5		5
Net income attributable to common stockholders, diluted	$	116	$	111	$	222	$	256

Denominator:
Weighted-average shares used in computing basic net income per share attributable to common stockholders	262,588		234,928		262,511		237,089
Weighted-average effect of dilutive securities:

Series A redeemable convertible preferred stock	5,833		5,833		5,833		5,833
Stock options	5,066		4,404		5,249		4,425
Restricted stock units	7,751		3,770		8,477		3,907
Unvested restricted non-voting common stock	55		—		47		—


Weighted-average shares used in computing diluted net income per share attributable to common stockholders	281,293		248,935		282,117		251,254

Net income per share attributable to common stockholders:
Basic	$	0.43	$	0.46	$	0.83	$	1.06
Diluted	$	0.41	$	0.45	$	0.79	$	1.02

The following potentially dilutive outstanding securities were excluded from the computation of diluted income per share attributable to common stockholders because their effect was not dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2026	2025	2026

	(in thousands)


Stock options	384	384	384	384
Restricted stock units	373	4,235	373	4,235


Total	757	4,619	757	4,619

The following potentially dilutive outstanding securities were excluded from the table above because they are subject to performance-based and / or market-based vesting conditions that were not achieved as of those dates:


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2026	2025	2026

	(in thousands)
Restricted stock units	1,055	168	1,055	168

Total	1,055	168	1,055	168