Net Income Per Share Attributable to Common Stockholders (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of the calculation of basic and diluted net income per share attributable to common stockholders

The following table sets forth the calculation of basic and diluted net income per share attributable to common stockholders during the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income attributable to common stockholders (in thousands)	$	1,067,209	$	22,423	$	1,157,348	$	42,440
Denominator:
Weighted-average shares outstanding, basic	152,785,292		153,228,766		152,582,316		153,273,594
Dilutive effect of outstanding common stock equivalents	6,922,874		6,462,992		6,128,854		7,456,044
Weighted-average shares outstanding, diluted	159,708,166		159,691,758		158,711,170		160,729,638
Net income per share attributable to common stockholders:
Basic	$	6.99	$	0.15	$	7.59	$	0.28
Diluted	$	6.68	$	0.14	$	7.29	$	0.26

Schedule of common stock equivalents excluded from the calculation of the diluted net income per share attributable to common stockholders

The following outstanding shares of common stock equivalents were excluded from the calculation of the diluted net income per share attributable to common stockholders because their effect would have been anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Stock options issued and outstanding	132,180	414,972	132,180	145,350
Unvested restricted stock units issued and outstanding(1)	2,286,140	4,458,044	2,286,140	4,261,767

Shares of Class A common stock committed under ESPP	90,584	148,220	90,584	148,220


Total	2,508,904	5,021,236	2,508,904	4,555,337

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(1) A portion of these unvested restricted stock units are PSUs. The number of PSUs that ultimately vest may increase or decrease the number of shares that will be issued at the end of the performance period.