v3.24.3
Net Income (Loss) per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Income (Loss) per Share Attributable to Common Stock
The following table presents the calculation of basic and diluted net income (loss) per share attributable to common stock:
Three months ended September 30,Nine months ended September 30,
2024202320242023
Class AClass BClass AClass BClass AClass BClass AClass B
(in thousands, except share and per share data)
Basic net income (loss) per share attributable to common stockholders:
Numerator:
Net income (loss) attributable to common stockholders $16,782 $13,071 $(922)$(6,461)$(214,623)$(340,689)$(13,149)$(96,209)
Denominator:
Basic weighted-average common shares outstanding 95,100,49774,069,4257,346,92351,508,66652,069,65482,654,2387,033,31551,462,229
Basic income (loss) per share attributable to common stockholders:$0.18 $0.18 $(0.13)$(0.13)$(4.12)$(4.12)$(1.87)$(1.87)
Diluted net income (loss) per share attributable to common stockholders:
Numerator:
Net income (loss) attributable to common stockholders$18,356 $11,497 $(922)$(6,461)$(214,623)$(340,689)$(13,149)$(96,209)
Denominator:
Basic weighted-average common shares outstanding95,100,49774,069,4257,346,92351,508,66652,069,65482,654,2387,033,31551,462,229
Weighted-average effect of dilutive potential common stock23,152,994———————
Shares used in computation of diluted net income (loss) per share attributable to common stockholders118,253,49174,069,4257,346,92351,508,66652,069,65482,654,2387,033,31551,462,229
Diluted net income (loss) per share attributable to common stockholders$0.16 $0.16 $(0.13)$(0.13)$(4.12)$(4.12)$(1.87)$(1.87)
Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income (Loss) per Share Attributable to Common Stock
The following outstanding potentially dilutive shares, including stock options that have been exercised prior to vesting, were excluded from the computation of diluted net income (loss) per share attributable to common stock for the periods presented because the impact of including them would have been anti-dilutive.
Three months ended September 30,Nine months ended September 30,
2024202320242023
Class AClass BClass AClass BClass AClass BClass AClass B
Stock options2,968,360 — 15,457,662 8,104,668 14,503,023 4,155,917 15,457,662 8,104,668 
Unvested RSUs and RSAs197,162 — 16,187,588 4,475,150 13,193,757 635,484 16,187,588 4,475,150 
Preferred shares— — 5,104,017 67,917,432 — — 5,104,017 67,917,432 
3,165,522 — 36,749,267 80,497,250 27,696,780 4,791,401 36,749,267 80,497,250