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
Basic net income per share is calculated by dividing the net income by the weighted-average number of shares of common stock outstanding for the period.
Diluted net income per share is computed by dividing the diluted net income by the weighted-average number of common shares outstanding for the period, including potential dilutive common shares assuming dilutive effect of outstanding common stock options, restricted stock units, common stock warrants, and shares issuable under the employee stock purchase plan. In periods when the Company has incurred a net loss, diluted net loss per share is the same as basic net loss per share because dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.
A reconciliation of net income and the number of shares in the calculation of basic and diluted net income per share is as follows (in thousands, except share and per share amounts):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Basic net income per common share:
Numerator:
Net income $26,252$13,864$78,536$46,035
Denominator:
Weighted-average shares used in computing basic net income per share76,226,83986,017,34278,400,74185,780,156
Basic net income per share $0.34$0.16$1.00$0.54
Diluted net income per common share:
Numerator:
Net income$26,252$13,864$78,536$46,035
Denominator:
Weighted-average shares used in computing basic net income per share76,226,83986,017,34278,400,74185,780,156
Effect of dilutive securities
  Options to purchase common stock3,530,1063,180,1623,199,2283,173,480
  Shares issuable under ESPP6,6671,4631,0831,232
  Restricted stock units 1,408,6841,027,3111,125,012929,553
Total effect of dilutive securities4,945,4574,208,9364,325,3234,104,265
Weighted-average shares used in computing diluted net income per share81,172,29690,226,27882,726,06489,884,421
Diluted net income per share $0.32$0.15$0.95$0.51
The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
Options to purchase common stock13,082,76315,082,13515,201,77014,961,035
Shares issuable under ESPP—1,0799873,248
Restricted stock units495,7531,488,223594,2021,558,517
Total 13,578,51616,571,43715,796,95916,522,800