Net Income (loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Earnings Per Share, Basic and Diluted

The following table shows the computation of basic and diluted net income (loss) per share (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income (loss)	$	5,183	$	(266)	$	6,287	$	4,861
Denominator:
Weighted-average common stock used in computing net income (loss) per share — basic	170,189		180,880		175,568		178,837
Effect of potentially dilutive securities
Options to purchase common stock	31		—		34		59
RSU and PSUs	1,410		—		2,019		3,782
Employee stock purchase plan	11		—		6		16
Weighted-average common stock used in computing net income (loss) per share — diluted	171,641		180,880		177,627		182,694
Net income (loss) per share — basic	$	0.03	$	—	$	0.04	$	0.03
Net income (loss) per share — diluted	$	0.03	$	—	$	0.04	$	0.03

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the number of stock options, RSUs, and PSUs, excluded from the calculation of diluted net income (loss) per share because they are anti-dilutive (in thousands):


	Three Months Ended June 30,			Six Months Ended June 30,
		2026	2025	2026	2025
Options to purchase common stock		4,990	10,362	4,990	10,298
RSU and PSUs(1)		33,312	31,689	24,314	21,907
Employee stock purchase plan		147	148	286	24
Total		38,449	42,199	29,590	32,229

(1) For the three and six months ended June 30, 2026, anti-dilutive PSUs include the 2026 PSUs reflected at 100% of target, as well as PSUs granted in July 2024 and November 2024 reflected at 200% and 275% of target, respectively. For the three and six months ended June 30, 2025, anti-dilutive PSUs include PSUs granted in July 2024 and November 2024 reflected at 200% and 325% of target, respectively; PSUs granted in April 2025 were reflected at 400% of target.