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Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Net Income Per Share

The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):

			Three Months Ended June 30,																								Six Months Ended June 30,
			2025												2024												2025												2024
Basic net income per share:			Class A						Class B						Class A						Class B						Class A						Class B						Class A						Class B
Numerator:
Net income			$	2,450					$	197					$	40,409					$	3,415					$	25,257					$	2,032					$	79,715					$	6,740
Denominator:
Weighted-average shares used in calculating net income per share, basic			320,400						25,785						308,838						26,103						318,989						25,661						307,382						25,991
Basic net income per share			$	0.01					$	0.01					$	0.13					$	0.13					$	0.08					$	0.08					$	0.26					$	0.26
Diluted net income per share:
Numerator:
Allocation of distributed income, net of interest expense and related tax			$	3,744					$	301					$	40,409					$	3,415					$	27,957					$	2,249					$	79,715					$	6,740
Reallocation of undistributed net income as a result of conversion of Class B to Class A shares			301						—						3,415						—						2,249						—						6,740						—
Allocation of undistributed income			$	4,045					$	301					$	43,824					$	3,415					$	30,206					$	2,249					$	86,455					$	6,740
Denominator:
Number of shares used in basic calculation			320,400						25,785						308,838						26,103						318,989						25,661						307,382						25,991
Weighted-average effect of diluted securities:
Conversion of Class B to Class A common shares outstanding			25,785						—						26,103						—						25,661						—						25,991						—
Employee stock options			4,542						—						9,716						—						5,248						—						10,382						—
Employee stock purchase plan			13						—						26						—						18						—						30						—
Restricted stock units and performance stock units			2,356						—						3,687						—						3,269						—						4,367						—
Unvested restricted stock in connection with acquisition			213						—						272						—						208						—						400						—
Shares issuable upon conversion of the 2025 Notes			820						—						8,098						—						3,300						—						8,098						—
Shares issuable upon conversion of the 2029 Notes			4,596						—						—						—						4,596						—						—						—
Number of shares used in diluted calculation			358,725						25,785						356,740						26,103						361,289						25,661						356,650						25,991
Diluted net income per share			$	0.01					$	0.01					$	0.12					$	0.13					$	0.08					$	0.09					$	0.24					$	0.26

Schedule of Potentially Dilutive Securities not Included in Diluted Per Share Calculations

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows (in thousands):

			As of June 30,
			2025						2024
Shares subject to outstanding stock options, RSUs and PSUs			4,405						1,017
Shares subject to the employee stock purchase plan			149						104
Total			4,554						1,121

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- References

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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

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X

- 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

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