The Company had one class of common stock outstanding as of June 30, 2026. Prior to the completion of the IPO, the Company also had Redeemable Convertible Preferred Stock outstanding, which entitled holders to participate in dividends on the Company’s common stock on an as-converted basis, and as such were considered participating securities. As of June 30, 2026, the Company had no shares of Redeemable Convertible Preferred Stock or other Preferred Stock outstanding.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Basic EPS
Numerator:
Net income (loss)	$	(4,231)	$	(23,783)	$	45,100	$	(19,915)
Less: Income attributable to participating securities	—		—		(6,120)		—
Net income (loss) attributable to common stockholders - basic	$	(4,231)	$	(23,783)	$	38,980	$	(19,915)

Denominator:
Weighted-average common shares outstanding – basic	137,076,788		145,269,540		130,121,241		145,309,595
Net income (loss) per share attributable to common stockholders - basic	$	(0.03)	$	(0.16)	$	0.30	$	(0.14)

Diluted EPS
Numerator:
Net income (loss) attributable to common stockholders - diluted	$	(4,231)	$	(23,783)	$	38,980	$	(19,915)

Denominator:
Weighted-average common shares outstanding – basic	137,076,788		145,269,540		130,121,241		145,309,595
Weighted-average dilutive stock securities	—		—		13,412,085		—
Weighted-average common shares outstanding - diluted	137,076,788		145,269,540		143,533,326		145,309,595
Net income (loss) per share attributable to common stockholders - diluted	$	(0.03)	$	(0.16)	$	0.27	$	(0.14)

The following potentially dilutive securities were excluded from the computation of diluted income (loss) per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Time-vesting stock options	21,852,821	18,713,365	876,054	18,713,365
Performance-vesting stock options	23,925,554	2,348,996	21,576,558	2,348,996
RSUs	87,587	—	—	—
Redeemable Convertible Preferred Stock (as converted)	—	24,011,299	—	24,011,299
Total	45,865,962	45,073,660	22,452,612	45,073,660