| Summary of Computation of Basic and Diluted Net Loss Per Share |
The following table sets forth the computation of basic and diluted net income (loss) per share for the periods presented:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
(in thousands, except share and per share data) |
|
Numerator: |
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|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
6,553 |
|
|
$ |
(16,431 |
) |
|
$ |
(5,879 |
) |
|
$ |
(56,609 |
) |
Denominator: |
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|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares used in computing net income (loss) per share, basic |
|
|
123,719,601 |
|
|
|
117,263,245 |
|
|
|
121,911,273 |
|
|
|
115,334,116 |
|
Weighted-average effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Employee equity awards |
|
|
5,557,852 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Issuable ordinary shares related to business combination |
|
|
183,884 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Weighted-average shares used in computing net income (loss) per share, diluted |
|
|
129,461,337 |
|
|
|
117,263,245 |
|
|
|
121,911,273 |
|
|
|
115,334,116 |
|
Net income (loss) per share, basic |
|
$ |
0.05 |
|
|
$ |
(0.14 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.49 |
) |
Net income (loss) per share, diluted |
|
$ |
0.05 |
|
|
$ |
(0.14 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.49 |
) |
|
| Summary of Shares Excluded from the Computation of Diluted Net Loss Per Share |
The potential shares of ordinary shares that were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been anti-dilutive are as follows:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Outstanding share options |
|
|
— |
|
|
|
1,953,012 |
|
|
|
1,140,412 |
|
|
|
2,363,912 |
|
Unvested RSUs |
|
|
— |
|
|
|
10,780,956 |
|
|
|
8,981,880 |
|
|
|
10,831,230 |
|
Share purchase rights under the ESPP |
|
|
43,324 |
|
|
|
188,319 |
|
|
|
189,955 |
|
|
|
209,461 |
|
Issuable ordinary shares related to business combination |
|
|
— |
|
|
|
524,772 |
|
|
|
425,536 |
|
|
|
676,990 |
|
Total |
|
|
43,324 |
|
|
|
13,447,059 |
|
|
|
10,737,783 |
|
|
|
14,081,593 |
|
|