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Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
14. Net Income (Loss) Per Share
Basic net income (loss) per share attributable to common stockholders is computed by dividing the net income (loss) by the number of weighted-average outstanding shares of common stock. Diluted net income (loss) per share attributable to common stockholders is determined by giving effect to all potential common equivalents during the reporting period, unless including them yields an antidilutive result. We consider our stock options and RSUs as potential common stock equivalents. In periods when we report net losses, we exclude potential common stock equivalents from the computation of diluted net loss per share attributable to common stockholders, as their effects are antidilutive.
The rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net income (loss) per share attributable to common stockholders, are the same for both Class A and Class B common stock on both an individual and combined basis.
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except per share data):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Numerator:
Net income (loss)$18,296 $(4,680)$16,725 $(7,723)
Denominator:
Weighted-average shares used in calculating net income (loss) per share
Basic261,943 286,161 272,332 293,882 
Weighted-average effect of potentially dilutive equity awards4,453 — 2,163 — 
Diluted266,396 286,161 274,495 293,882 
Net income (loss) per share attributable to common stockholders
Basic$0.07 $(0.02)$0.06 $(0.03)
Diluted$0.07 $(0.02)$0.06 $(0.03)
Equity awards excluded from diluted net income (loss) attributable to common stockholders because their effect would have been anti-dilutive
9,125 27,107 25,649 27,107