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Net Income (Loss) per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Calculation of Basic and Diluted Net Income (Loss) per Share Attributable to Common Stock | The following table presents the calculation of basic and diluted net income (loss) per share attributable to common stock:
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  |  |  | 2024 |  | 2025 |  | 2024 |
| Class A |  | Class B |  |  |  | Class A |  | Class B |  | Class A |  | Class B |  | Class A |  | Class B |  |
| (in thousands, except share and per share data)
Basic net income (loss) per share attributable to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 62,806 |  |  | $ | 26,491 |  |  |  |  | $ | (3,034) |  |  | $ | (7,065) |  |  | $ | 80,803 |  |  | $ | 34,652 |  |  | $ | (151,229) |  |  | $ | (433,936) |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average common shares outstanding | 130,426,589 |  | 55,011,188 |  |  |  | 49,386,912 |  | 114,995,824 |  | 128,586,761 |  |  | 55,144,231 |  | 30,317,800 |  | 86,993,814 |  |
Basic income (loss) per share attributable to common stockholders | $ | 0.48 |  |  | $ | 0.48 |  |  |  |  | $ | (0.06) |  |  | $ | (0.06) |  |  | $ | 0.63 |  |  | $ | 0.63 |  |  | $ | (4.99) |  |  | $ | (4.99) |  |  |
Diluted net income (loss) per share attributable to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders | $ | 64,676 |  |  | $ | 24,621 |  |  |  |  | $ | (3,034) |  |  | $ | (7,065) |  |  | $ | 83,730 |  |  | $ | 31,725 |  |  | $ | (151,229) |  |  | $ | (433,936) |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average common shares outstanding | 130,426,589 |  | 55,011,188 |  |  |  | 49,386,912 |  | 114,995,824 |  | 128,586,761 |  |  | 55,144,231 |  | 30,317,800 |  | 86,993,814 |  |
Weighted-average effect of dilutive potential common stock | 14,084,656 |  | — |  |  |  | — |  | — |  | 16,950,466 |  | — |  | — |  | — |  |
Shares used in computation of diluted net income (loss) per share attributable to common stockholders | 144,511,245 |  | 55,011,188 |  |  |  | 49,386,912 |  | 114,995,824 |  | 145,537,227 |  | 55,144,231 |  | 30,317,800 |  | 86,993,814 |  |
Diluted net income (loss) per share attributable to common stockholders | $ | 0.45 |  |  | $ | 0.45 |  |  |  |  | $ | (0.06) |  |  | $ | (0.06) |  |  | $ | 0.58 |  |  | $ | 0.58 |  |  | $ | (4.99) |  |  | $ | (4.99) |  |  |
Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income (Loss) per Share Attributable to Common Stock | The following outstanding potentially dilutive shares, including stock options that have been exercised prior to vesting, were excluded from the computation of diluted net income (loss) per share attributable to common stock for the periods presented because the impact of including them would have been anti-dilutive.
| Three months ended June 30, |  | Six months ended June 30, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Class A |  | Class B |  | Class A |  | Class B |  | Class A |  | Class B |  | Class A |  | Class B |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options | — |  | — |  | 19,090,416 |  | 6,410,374 |  | — |  | — |  | 19,090,416 |  | 6,410,374 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unvested RSUs and RSAs | 433,058 |  | — |  | 12,620,086 |  | 1,335,312 |  | 126,137 |  | — |  | 12,620,086 |  | 1,335,312 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 433,058 |  |  | — |  |  | 31,710,502 |  |  | 7,745,686 |  |  | 126,137 |  |  | — |  |  | 31,710,502 |  |  | 7,745,686 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

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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 + Details
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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 + Details
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