v3.26.3
Net Income per Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Income per Share Net Income per Share
The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Net income $182,944 $91,114 $416,342 $174,152 
Shares used in net income per share computations:
Weighted-average shares used in computing net income per share, basic174,126167,436172,423165,365
Effect of potentially dilutive equivalent shares9,95113,19510,44813,596
Weighted-average shares used in computing net income per share, diluted184,077180,631182,871178,961
Net income per share, basic$1.05 $0.54 $2.41 $1.05 
Net income per share, diluted$0.99 $0.50 $2.28 $0.97 
Potentially dilutive securities include dilutive common stock from assumed exercise of stock options, RSUs, Warrants, and Employee Stock Purchase Plan (“ESPP”) shares using the treasury stock method. Under the treasury stock method, potential shares outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive. Anti-dilutive potential shares are as follows (in thousands):

Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
RSUs318 45 236 252 
ESPP— — 13 — 
Total318 45 249 252