The Company calculates basic earnings per share by dividing the net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. The diluted earnings per share is computed by assuming the exercise, settlement and vesting of all potential dilutive common stock equivalents outstanding for the period using the treasury stock method. The Company excludes common stock equivalent shares from the calculation if their effect is anti-dilutive. In a period where the Company is in a net loss position, the diluted loss per share is calculated using the basic share count.

As part of the Business Combination, 8,625,000 shares issued and held by Dragoneer (the "Sponsor Vesting Shares") became non-transferable and subject to forfeiture on the tenth anniversary of the closing of the Business Combination if neither of the defined triggering events has

occurred. The Sponsor Vesting Shares are issued and outstanding at December 31, 2025, 2024 and 2023 and are excluded from the weighted average number of shares of common stock outstanding until the vesting requirement is met and the restriction is removed.

The following table sets forth a reconciliation of the numerator and denominator used to compute basic earnings per share of common stock (in thousands, except for share and per share data).


	Year Ended December 31,
	2025			2024			2023
Numerator
Net income (loss)	$	1,688		$	31,240		$	(90,071	)
Accretion of redeemable non-controlling interest		(1,276	)		(5,095	)		(2,405	)
Net income (loss) attributable to common stockholders	$	412		$	26,145		$	(92,476	)

Denominator
Weighted average shares of common stock—basic		629,960,378			610,761,424			617,889,384
Dilutive effect of stock-based awards		29,624,997			31,114,101			—
Weighted average shares of common stock—diluted		659,585,375			641,875,525			617,889,384

Net income (loss) per share attributable to common stockholders:
Basic	$	0.00		$	0.04		$	(0.15	)
Diluted	$	0.00		$	0.04		$	(0.15	)

Common stock equivalent shares of 7.0 million, 0.2 million and 33.7 million were excluded from the computation of diluted per share amounts for the years ended December 31, 2025, 2024 and 2023, respectively, because their effect was anti-dilutive.