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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,
20252024
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 share619,370 616,401 
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 notes1,511 — 
Net income used to compute diluted net income per share$191,383 $472,005 
Denominator
Shares used to compute basic net income per share619,370 616,401 
Stock options, restricted stock, and employee stock purchase plan6,619 8,851 
Convertible notes9,353 12,108 
Shares used to compute diluted net income per share635,342 637,360 
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,
20252024
Stock options, restricted stock, and employee stock purchase plan33,161 35,006 
Common stock warrants12,108 12,108 
Total anti-dilutive securities45,269 47,144