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NET INCOME (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME (LOSS) 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 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 (loss) per share (in thousands, except per share data):
Year Ended December 31,
202520242023
Basic net income per share:
Numerator
Net income attributable to common stockholders$1,305,636 $2,897,047 $9,772 
Denominator
Shares used to compute basic net income per share612,243 616,993 608,856 
Basic net income per share$2.13 $4.70 $0.02 
Diluted net income per share:
Numerator
Net income attributable to common stockholders$1,305,636 $2,897,047 $9,772 
Interest expense on convertible notes4,016 6,216 — 
Net income used to compute diluted net income (loss) per share$1,309,652 $2,903,263 $9,772 
Denominator
Shares used to compute basic net income per share612,243 616,993 608,856 
Stock options, restricted stock, and employee stock purchase plan5,392 7,289 5,168 
Convertible notes5,203 12,108 — 
Shares used to compute diluted net income per share622,838 636,390 614,024 
Diluted net income per share$2.10 $4.56 $0.02 

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):
Year Ended December 31,
202520242023
Stock options, restricted stock, and employee stock purchase plan36,268 37,687 40,431 
Convertible notes— — 14,297 
Common stock warrants8,248 12,108 20,243 
Total anti-dilutive securities44,516 49,795 74,971