XML 31 R13.htm IDEA: XBRL DOCUMENT v3.25.3
Net Income Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
We present net income per share using the two-class method required for multiple classes of common stock. Holders of our Class A and Class B common stock have identical rights except with respect to voting, conversion and transfer rights and therefore share equally in our net income or losses.
We calculate basic net income per share by dividing net income by the weighted-average number of shares of common stock outstanding during the period.
Diluted net income per share gives effect to all potential shares of common stock, including stock options, RSAs and RSUs, to the extent these are dilutive. The calculation of diluted net income of Class A common stock assumes the conversion of our Class B common stock to Class A common stock, while the diluted net income of Class B common stock does not assume the conversion of those shares to Class A common stock.
We calculated basic and diluted net income per share as follows (in thousands, except per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Class AClass BClass AClass BClass AClass BClass AClass B
Basic net income per share:
Numerator:
Net income$81,175 $10,933 $26,835 $3,721 $122,907 $16,878 $12,837 $1,794 
Denominator:
Weighted-average shares used in computing net income per share, basic
597,362 80,457 595,867 82,629 595,320 81,749 596,749 83,408 
Basic net income per share
$0.14 $0.14 $0.05 $0.05 $0.21 $0.21 $0.02 $0.02 
Diluted net income per share:
Numerator:
Net income$81,175 $10,933 $26,835 $3,721 $122,907 $16,878 $12,837 $1,794 
Reallocation of net income as a result of conversion of Class B to Class A common stock 10,933 — 3,721 — 16,878 — 1,794 — 
Reallocation of net income to Class B common stock — (263)— (91)— (347)— (55)
Diluted net income
$92,108 $10,670 $30,556 $3,630 $139,785 $16,531 $14,631 $1,739 
Denominator
Weighted-average shares used in computing net income per share, basic
597,362 80,457 595,867 82,629 595,320 81,749 596,749 83,408 
Conversion of Class B to Class A common stock80,457 — 82,629 — 81,749 — 83,408 — 
Weighted average effect of dilutive potential common stock 16,713 — 16,987 — 14,178 — 21,611 — 
Weighted-average shares used in computing net income per share, diluted
694,532 80,457 695,483 82,629 691,247 81,749 701,768 83,408 
Diluted net income per share
$0.13 $0.13 $0.04 $0.04 $0.20 $0.20 $0.02 $0.02 
We excluded the following weighted-average potential shares of common stock from our calculation of diluted net income per share because these would be anti-dilutive (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Unvested restricted stock units and restricted stock awards1,601 13,932 8,322 5,701 
Total1,601 13,932 8,322 5,701