| Net Income (Loss) per Share Attributable to Common Stockholders |
Net Income (Loss) per Share Attributable to Common Stockholders The following table presents basic and diluted net income (loss) per share attributable to common stockholders for Class A and Class B common stock (in thousands, except share and per share data):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Six Months Ended December 31, | | | 2025 | | 2025 | | | Class A | | Class B | | Class A | | Class B | | Numerator: | | | | | | | | | | Net income attributable to common stockholders - basic | | $ | 113,805 | | | $ | 15,781 | | | $ | 184,510 | | | $ | 25,770 | | | Net income attributable to common stockholders - diluted | | $ | 114,487 | | | $ | 15,099 | | | $ | 185,734 | | | $ | 24,546 | | | Denominator: | | | | | | | | | | Weighted average shares of common stock - basic | | 293,563,836 | | | 40,706,914 | | | 291,535,791 | | | 40,718,687 | | | Dilutive effect of stock equivalents: | | | | | | | | | | Restricted stock units | | 6,561,719 | | | — | | | 7,292,050 | | | — | | | Stock options | | 7,682,217 | | | — | | | 8,173,175 | | | — | | | Value creation award vested shares | | 851,076 | | | — | | | 1,081,896 | | | — | | | Employee stock purchase plan shares | | — | | | — | | | 20,484 | | | — | | | Weighted average shares of common stock - diluted | | 308,658,848 | | | 40,706,914 | | | 308,103,396 | | | 40,718,687 | | | Net income per share: | | | | | | | | | | Basic | | $ | 0.39 | | | $ | 0.39 | | | $ | 0.63 | | | $ | 0.63 | | | Diluted | | $ | 0.37 | | | $ | 0.37 | | | $ | 0.60 | | | $ | 0.60 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Six Months Ended December 31, | | | 2024 | | 2024 | | | Class A | | Class B | | Class A | | Class B | | Numerator: | | | | | | | | | | Net income (loss) attributable to common stockholders - basic | | $ | 69,983 | | | $ | 10,377 | | | $ | (17,227) | | | $ | (2,635) | | | Net income (loss) attributable to common stockholders - diluted | | $ | 70,672 | | | $ | 9,688 | | | $ | (17,227) | | | $ | (2,635) | | | Denominator: | | | | | | | | | | Weighted average shares of common stock - basic | | 280,666,562 | | | 41,615,772 | | | 277,776,478 | | | 42,481,967 | | | Dilutive effect of stock equivalents: | | | | | | | | | | Restricted stock units | | 11,983,390 | | | — | | | — | | | — | | | Stock options | | 10,241,926 | | | — | | | — | | | — | | | Value creation award vested shares | | 473,889 | | | — | | | — | | | — | | | Common stock warrants | | 215,029 | | | — | | | — | | | — | | | Weighted average shares of common stock - diluted | | 303,580,796 | | | 41,615,772 | | | 277,776,478 | | | 42,481,967 | | | Net income (loss) per share: | | | | | | | | | | Basic | | $ | 0.25 | | | $ | 0.25 | | | $ | (0.06) | | | $ | (0.06) | | | Diluted | | $ | 0.23 | | | $ | 0.23 | | | $ | (0.06) | | | $ | (0.06) | |
The following common stock equivalents were excluded from the calculation of diluted net income (loss) per share attributable to common stockholders because their inclusion would have been anti-dilutive:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Six Months Ended December 31, | | | 2025 | | 2024 | | 2025 | | 2024 | | Common stock warrants | | 8,647,629 | | | 6,278,501 | | | 8,647,629 | | | 6,278,501 | | | Restricted stock units | | 532,903 | | | 773,998 | | | 532,903 | | | 20,685,982 | | | Employee stock purchase plan shares | | 211,939 | | | 189,621 | | | 211,939 | | | 189,621 | | | Stock options | | 162,014 | | | 906,767 | | | 162,014 | | | 14,260,228 | | | Value creation award vested shares | | — | | | — | | | — | | | 4,000,000 | | | Total | | 9,554,485 | | | 8,148,887 | | | 9,554,485 | | | 45,414,332 | |
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