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Net Income (Loss) per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) per Share
13. Net Income (Loss) per Share
The Company computed basic net income (loss) per share based on the weighted average number of shares of common stock outstanding during the period. The Company computed diluted net income (loss) per share based on the weighted average number of shares of common stock outstanding plus potentially dilutive common stock equivalents outstanding during the period. For the purposes of this calculation, stock options, restricted stock units, performance stock units, and stock sold through the ESPP are considered common stock equivalents.
A reconciliation of the numerator and denominator used in the calculation of the basic and diluted net income (loss) per share is as follows (in thousands, except share and per share amounts):
 Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
Numerator:
Net income (loss)$45,851 $29,527 $130,344 $(19,671)
Denominator:
Weighted average shares used to compute net income (loss) attributable to common stockholders:
Basic39,078,378 38,610,805 38,827,038 38,706,809 
Potential dilutive stock-based options and awards223,861 567,422 423,642 — 
Diluted39,302,239 39,178,227 39,250,680 38,706,809 
Net income (loss) per share:
Basic$1.17 $0.76 $3.36 $(0.51)
Diluted$1.17 $0.75 $3.32 $(0.51)
For the three months ended September 30, 2025 and 2024, outstanding stock-based awards of 11 thousand shares and 11 thousand shares, respectively, were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive in the relevant period. For the nine months ended September 30, 2025 and 2024, outstanding stock-based awards of an immaterial amount and 1,226 thousand shares, respectively, were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive in the relevant period.