XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.25.1

NET INCOME PER SHARE | 3 Months Ended
--- | ---
Mar. 31, 2025
Earnings Per Share [Abstract] |
NET INCOME PER SHARE | NET INCOME PER SHARE The Company computes net income (loss) per share attributable to our common stockholders using the two-class method required for multiple classes of common stock and participating securities. The holders of our Class A and Class B common stock (together, "common stock") have identical liquidation and dividend rights but different voting rights. Accordingly, we present net income (loss) per share for Class A and Class B common stock together. Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding adjusted for the dilutive effect of all potential shares of common stock. In periods when the Company reported a net loss, diluted net loss per share is the same as basic net loss per share because the effects of potentially dilutive items were anti-dilutive. The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):
| Three Months Ended March 31, |  |
2025 |  | 2024 |  |  |  |
Basic net income per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 189,872 |  |  | $ | 472,005 |  |  |  |  |
Denominator |  |  |  |  |  |  |
Shares used to compute basic net income per share | 619,370 |  |  | 616,401 |  |  |  |  |
Basic net income per share | $ | 0.31 |  |  | $ | 0.77 |  |  |  |  |
Diluted net income per share: |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 189,872 |  |  | $ | 472,005 |  |  |  |  |
Interest expense on convertible notes | 1,511 |  |  | — |  |  |  |  |
Net income used to compute diluted net income per share | $ | 191,383 |  |  | $ | 472,005 |  |  |  |  |
Denominator |  |  |  |  |  |  |
Shares used to compute basic net income per share | 619,370 |  |  | 616,401 |  |  |  |  |
Stock options, restricted stock, and employee stock purchase plan | 6,619 |  |  | 8,851 |  |  |  |  |
Convertible notes | 9,353 |  |  | 12,108 |  |  |  |  |
Shares used to compute diluted net income per share | 635,342 |  |  | 637,360 |  |  |  |  |
Diluted net income per share | $ | 0.30 |  |  | $ | 0.74 |  |  |  |  |
The following potential common shares were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive for the periods presented (in thousands):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Stock options, restricted stock, and employee stock purchase plan | 33,161 |  |  | 35,006 |  |  |  |  |
Common stock warrants | 12,108 |  |  | 12,108 |  |  |  |  |
Total anti-dilutive securities | 45,269 |  |  | 47,144 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration