| Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders |
The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share attributable to common stockholders, which excludes shares which are legally outstanding but subject to repurchase by the Company (in thousands, except share and per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
August 31, | | Nine Months Ended
August 31, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net income (loss) | $ | 549,807 | | | $ | (86,421) | | | $ | 373,098 | | | $ | (186,236) | | Denominator(1): | | | | | | | | | Weighted-average number of shares outstanding, basic | 111,563,067 | | 84,159,336 | | 110,912,478 | | 83,869,469 | | Weighted-average dilutive effect of stock-based options and awards | 4,589,704 | | — | | 3,455,370 | | — | | Weighted-average number of shares outstanding, diluted | 116,152,771 | | 84,159,336 | | 114,367,848 | | 83,869,469 | | | | | | | | | | Net income (loss) per share, basic | $ | 4.93 | | | $ | (1.03) | | | $ | 3.36 | | | $ | (2.22) | | | Net income (loss) per share, diluted | $ | 4.73 | | | $ | (1.03) | | | $ | 3.26 | | | $ | (2.22) | |
| | | | | | (1) | The shares underlying the pre-funded warrants to purchase shares of the Company’s common stock have been included in the calculation of the weighted-average number of shares outstanding, basic and diluted, for the three and nine months ended August 31, 2026 and 2025. |
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| Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income (Loss) Per Share of Common Stock |
The following potentially dilutive securities were excluded from the computation of the diluted net income (loss) per share of common stock for the periods presented because their effect would have been anti-dilutive. The anti-dilutive shares were calculated as the unweighted outstanding shares as of the reporting period end date that are anti-dilutive using the treasury stock method: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
August 31, | | Nine Months Ended
August 31, | | 2026 | | 2025 | | 2026 | | 2025 | | Options to purchase common stock issued and outstanding | 5,500,364 | | 9,571,609 | | 5,500,364 | | 11,694,499 | | Restricted stock units issued and outstanding | 107,607 | | 1,621,257 | | 107,607 | | 2,685,470 | | Shares expected to be purchased under employee stock purchase plan | 82,829 | | 207,107 | | 82,829 | | 207,107 | | Total | 5,690,800 | | 11,399,973 | | 5,690,800 | | 14,587,076 |
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