| Schedule of Earnings Per Share, Basic and Diluted |
The following table sets forth the computation of the basic and diluted net income (loss) per share attributable to common shareholders: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | (amounts in thousands, except share and per share data) | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | Net income (loss) | $ | 15,250 | | | $ | 24,325 | | | $ | 14,103 | | | $ | (150,045) | | | Deemed dividend from Series D redeemable convertible preferred stock | — | | | — | | | — | | | (384,436) | | | Adjustments of redeemable convertible preferred stock to redemption value | — | | | — | | | — | | | (85,433) | | | Net income (loss) attributable to common shareholders | $ | 15,250 | | | $ | 24,325 | | | $ | 14,103 | | | $ | (619,914) | | | | | | | | | | | Denominator: | | | | | | | | | Weighted-average shares - basic | 283,894,498 | | | 282,099,073 | | | 283,118,633 | | | 128,447,673 | | | Effect of dilutive securities: | | | | | | | | | Dilutive awards and units | 1,822,081 | | | 1,659,504 | | | 1,514,738 | | | — | | | Dilutive options | 9,377,324 | | | 13,453,261 | | | 9,568,942 | | | — | | | Dilutive ESPP | 46,966 | | | — | | | 39,221 | | | — | | | Weighted-average shares - diluted | 295,140,869 | | | 297,211,838 | | | 294,241,534 | | | 128,447,673 | | | | | | | | | | | Net income (loss) per share attributable to common shareholders: | | | | | | | | | Basic | $ | 0.05 | | | $ | 0.09 | | | $ | 0.05 | | | $ | (4.83) | | | Diluted | $ | 0.05 | | | $ | 0.08 | | | $ | 0.05 | | | $ | (4.83) | |
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| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following potential common stock equivalents were excluded from the calculation of diluted net income (loss) per share attributable to common shareholders because their effect would have been anti-dilutive for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | Unvested RSUs and PSUs | 43,517 | | | 74,786 | | | 321,985 | | | 4,368,855 | | | Outstanding stock options | 2,891,537 | | | 1,519,047 | | | 3,672,750 | | | 22,670,564 | | | Shares committed under ESPP | 206,999 | | | — | | | 207,935 | | | — | | | Unvested shares subject to repurchase | 3,288 | | | 23,446 | | | 3,288 | | | 23,446 | | | Total | 3,145,341 | | | 1,617,279 | | | 4,205,958 | | | 27,062,865 | |
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