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Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Share

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

			Year Ended December 31,
			2025												2024												2023
			Class A						Class B						Class A						Class B						Class A						Class B
Basic net income per share:
Numerator:
Net income			$	99,843					$	7,898					$	169,503					$	14,243					$	44,684					$	3,884
Denominator:
Weighted average shares used in calculating net income per share, basic			321,848						25,461						310,113						26,059						298,116						25,918
Basic net income per share			$	0.31					$	0.31					$	0.55					$	0.55					$	0.15					$	0.15
Diluted net income per share:
Numerator:
Allocation of distributed income, net of interest expense and related tax			$	103,313					$	8,173					$	173,585					$	14,586					$	44,684					$	3,884
Reallocation of undistributed income as a result of conversion of Class B to Class A shares			8,173						—						14,586						—						3,884						—
Allocation of undistributed income			$	111,486					$	8,173					$	188,171					$	14,586					$	48,568					$	3,884
Denominator:
Number of shares used in basic calculation			321,848						25,461						310,113						26,059						298,116						25,918
Weighted average effect of diluted securities:
Conversion of Class B to Class A common shares outstanding			25,461						—						26,059						—						25,918						—
Employee stock options			4,432						—						9,128						—						14,828						—
Employee stock purchase plan			44						—						25						—						15						—
Restricted stock units and performance stock units			5,071						—						4,701						—						2,731						—
Unvested restricted stock in connection with acquisitions			383						—						327						—						586						—
Shares issuable upon conversion of the 2025 Notes			1,637						—						8,032						—						8,098						—
Shares issuable upon conversion of the 2029 Notes			4,596						—						251						—						—						—
Number of shares used in diluted calculation			363,472						25,461						358,636						26,059						350,292						25,918
Diluted net income per share			$	0.31					$	0.32					$	0.52					$	0.56					$	0.14					$	0.15

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):

			Year Ended December 31,
			2025						2024						2023
Shares subject to outstanding stock options and RSUs			648						350						2,248
Unvested early exercised stock options and restricted shares of common stock			—						—						31
Shares subject to the employee stock purchase plan			—						15						—
Total			648						365						2,279

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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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- 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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