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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders | The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except share and per share data):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Basic EPS: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income from continuing operations | $ | 771,856 |  |  | $ | 300,982 |  |  | $ | 1,495,394 |  |  | $ | 560,339 |
Income (loss) from discontinued operations, net of income taxes | 47,675 |  |  | 8,987 |  |  | (99,444) |  |  | (14,187) |
Net income | $ | 819,531 |  |  | $ | 309,969 |  |  | $ | 1,395,950 |  |  | $ | 546,152 |
Less: |  |  |  |  |  |  |
Income attributable to participating securities | (206) |  |  | (79) |  |  | (350) |  |  | (1,752) |
Net income attributable to Class A and Class B common stockholders—Basic | $ | 819,325 |  |  | $ | 309,890 |  |  | $ | 1,395,600 |  |  | $ | 544,400 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares used in computing net income (loss) per share—Basic | 338,617,184 |  |  | 335,681,788 |  |  | 339,223,841 |  |  | 335,785,864 |
Net income (loss) per share attributed to Class A and Class B common stockholders - Basic: |  |  |  |  |  |  |
Continuing operations | $ | 2.28 |  |  | $ | 0.90 |  |  | $ | 4.41 |  |  | $ | 1.66 |
Discontinued operations | 0.14 |  |  | 0.02 |  |  | (0.30) |  |  | (0.04) |
Basic net income per share | $ | 2.42 |  |  | $ | 0.92 |  |  | $ | 4.11 |  |  | $ | 1.62 |
Diluted EPS: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income from continuing operations | $ | 771,856 |  |  | $ | 300,982 |  |  | $ | 1,495,394 |  |  | $ | 560,339 |
Income (loss) from discontinued operations, net of income taxes | 47,675 |  |  | 8,987 |  |  | (99,444) |  |  | (14,187) |
Net income | $ | 819,531 |  |  | $ | 309,969 |  |  | $ | 1,395,950 |  |  | $ | 546,152 |
Less: |  |  |  |  |  |  |
Income attributable to participating securities | (204) |  |  | (76) |  |  | (345) |  |  | (1,689) |
Net income attributable to Class A and Class B common stockholders—Diluted | $ | 819,327 |  |  | $ | 309,893 |  |  | $ | 1,395,605 |  |  | $ | 544,463 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares used in computing net income (loss) per share—Basic | 338,617,184 |  |  | 335,681,788 |  |  | 339,223,841 |  |  | 335,785,864 |
Weighted-average dilutive stock awards | 3,577,249 |  |  | 12,282,413 |  |  | 4,304,735 |  |  | 12,541,984 |
Weighted-average shares used in computing net income (loss) per share—Diluted | 342,194,433 |  |  | 347,964,201 |  |  | 343,528,576 |  |  | 348,327,848 |
Net income (loss) per share attributed to Class A and Class B common stockholders - Diluted: |  |  |  |  |  |  |
Continuing operations | $ | 2.26 |  |  | $ | 0.86 |  |  | $ | 4.35 |  |  | $ | 1.60 |
Discontinued operations | 0.13 |  |  | 0.03 |  |  | (0.29) |  |  | (0.04) |
Diluted net income per share | $ | 2.39 |  |  | $ | 0.89 |  |  | $ | 4.06 |  |  | $ | 1.56 |
Schedule of Antidilutive Potential Common Shares | The following table presents the forms of antidilutive potential common shares:
| As of June 30,
| 2025 |  | 2024
Stock options exercised for promissory notes | 85,000 |  |  | 85,000 |
Unvested RSUs | 7,453 |  |  | 347,627 |
ESPP | 55,904 |  |  | 43,712 |
Total antidilutive potential common shares | 148,357 |  |  | 476,339 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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