v3.25.3
Net Income (Loss) per Share (Tables)
 9 Months Ended
Sep. 30, 2025
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,
2025202420252024
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 $116,948 $45,715 $16,782 $13,071 $196,456 $81,662 $(214,623)$(340,689)
Denominator:
Basic weighted-average common shares outstanding 135,194,58752,847,04595,100,49774,069,425130,805,447 54,372,91352,069,65482,654,238
Basic income (loss) per share attributable to common stockholders$0.87 $0.87 $0.18 $0.18 $1.50 $1.50 $(4.12)$(4.12)
Diluted net income (loss) per share attributable to common stockholders:
Numerator:
Net income (loss) attributable to common stockholders$120,260 $42,403 $18,356 $11,497 $203,130 $74,988 $(214,623)$(340,689)
Denominator:
Basic weighted-average common shares outstanding135,194,58752,847,04595,100,49774,069,425130,805,447 54,372,91352,069,65482,654,238
Weighted-average effect of dilutive potential common stock14,686,177—23,152,994—16,480,734———
Shares used in computation of diluted net income (loss) per share attributable to common stockholders149,880,76452,847,045118,253,49174,069,425147,286,18154,372,91352,069,65482,654,238
Diluted net income (loss) per share attributable to common stockholders$0.80 $0.80 $0.16 $0.16 $1.38 $1.38 $(4.12)$(4.12)
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,
2025202420252024
Class A
Class B
Class A
Class B
Class A
Class B
Class A
Class B
Stock options——2,968,360———14,503,0234,155,917
Unvested RSUs and RSAs199,289—197,162—199,289—13,193,757635,484
199,289 — 3,165,522 — 199,289 — 27,696,780 4,791,401