v3.26.1
Net Income (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Diluted Net Loss Per Share As of June 30, 2026, the following potential common shares were excluded from the computation of diluted net loss per share because their inclusion would have been anti-dilutive (in thousands):
June 30, 2026
Contingently issuable warrants
26,108 
Early exercised shares subject to repurchase
574 
Options to purchase common stock
23,797 
Unvested RSUs16,532 
Contingently issuable unvested performance-based restricted stock units (“PRSUs”)9,000 
Total potential common stock excluded from net loss per share
76,011 
Schedule of Reconciliation of The Numerator And Denominator of Net Income Per Share
The following is a reconciliation of the numerator and denominator of the basic and diluted net income per share computations for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands, except per share data)
Numerator:
Net income (loss)$(450,528)$309,512 $(464,534)$285,645 
Less: Net income attributable to participating securities— 189,194 — 175,065 
Net income (loss) attributable to common stockholders$(450,528)$120,318 $(464,534)$110,580 
Denominator:
Basic weighted-average common shares net of shares subject to repurchase150,968 52,720 107,132 52,363 
Dilutive impact of outstanding redeemable convertible preferred stock (as-if converted basis)— 82,899 — 82,899 
Dilutive impact of outstanding stock options— 26,203 — 27,014 
Dilutive weighted-average common shares150,968 161,822 107,132 162,276 
Net income (loss) per share:
Basic$(2.98)$2.28 $(4.34)$2.11 
Diluted$(2.98)$1.91 $(4.34)$1.76