The Company computes net income (loss) per share of Class A common stock, Class B common stock and participating securities using the two-class method. Basic and diluted net income (loss) per share are the same for each class of common stock and participating securities because they are entitled to the same liquidation and dividend rights. The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except share and per share data):


	Three Months Ended September 30,					Nine Months Ended September 30,
	2026		2025			2026			2025

Net income (loss)	$	1,935	$	(11,597	)	$	(8,638	)	$	(53,110	)
Net income (loss) attributable to noncontrolling interest		—		—			7			(1	)
Net income (loss) attributable to common stockholders	$	1,935	$	(11,597	)	$	(8,645	)	$	(53,109	)

Weighted-average number of shares outstanding used to compute net income (loss) per share attributable to common stockholders, basic		57,333,901		50,920,588			54,508,819			50,653,997

Effect of dilutive securities:
Stock based awards		3,108,687		—			—			—
Shares reserved for charitable contribution		20,131		—			—			—
Weighted-average number of shares outstanding used to compute net income (loss) per share attributable to common stockholders, diluted		60,462,719		50,920,588			54,508,819			50,653,997

Net income (loss) per share, basic	$	0.03	$	(0.23	)	$	(0.16	)	$	(1.05	)

Net income (loss) per share, diluted	$	0.03	$	(0.23	)	$	(0.16	)	$	(1.05	)

For the three months ended September 30, 2026, diluted net income per share includes the dilutive effect of stock options, RSUs, PRSUs and shares reserved for charitable contribution, determined using the treasury stock method. The 2027 Convertible Notes and 2030 Convertible Notes are evaluated using the if-converted method. For the three months ended September 30, 2026, the Convertible Notes were antidilutive and excluded. For the nine months ended September 30, 2026 and 2025, the Company reported a net loss, and all potentially dilutive securities were excluded from diluted net loss per share because their effect would be antidilutive.

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income (loss) per share because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the occurrence of an event:


	Three months ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Stock based awards		2,786		5,063,656		4,187,499		5,063,656
Shares reserved for charitable contribution		—		100,663		20,131		100,663
2027 Notes		1,528,009		1,529,157		1,528,770		1,529,157
2030 Notes		5,312,375		5,312,375		5,312,375		5,312,375
Total shares		6,843,170		12,005,851		11,048,775		12,005,851