XML 41 R31.htm IDEA: XBRL DOCUMENT v3.25.2
Net Income (Loss) Per Share Attributable to Common Stockholders (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders for the periods indicated (in thousands, except per share data):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Numerator
Net income (loss) attributable to common stockholders, basic and diluted$40,314 $5,014 $42,881 $(26,521)
Denominator
Weighted-average shares used in computing basic net income (loss) per share attributable to common stockholders417,242 406,512 418,793 404,033 
Effect of potentially dilutive common stock equivalents5,711 5,457 5,344 — 
Weighted-average shares used in computing diluted net income (loss) per share attributable to common stockholders422,953 411,969 424,137 404,033 
Basic net income (loss) per share attributable to common stockholders$0.10 $0.01 $0.10 $(0.07)
Diluted net income (loss) per share attributable to common stockholders$0.10 $0.01 $0.10 $(0.07)
Schedule of Outstanding Shares of Common Stock Equivalents Excluded from Computation of Diluted Net Income (Loss) Per Share
The following potentially dilutive outstanding shares were excluded from the computation of diluted net income (loss) per share attributable to common stockholders for the periods presented because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Restricted stock units1,296 13,712 1,296 19,032 
2025 Notes(1)(2)
— 10,178 — 10,178 
2029 Notes(1)(3)
21,821 21,821 21,821 21,821 
Performance based restricted stock units14,956 13,709 14,956 14,829 
ESPP1,416 1,269 1,416 1,332 
Stock options— — — 442 
Total39,489 60,689 39,489 67,634 
_______________
(1)In connection with the issuance of the Notes, the Company entered into the Capped Calls, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. Refer to Note 9 “Debt” to the condensed consolidated financial statements for further information.
(2)The 2025 Capped Calls were expected to reduce the potential dilution to the Company's Class A common stock (or, in the event a conversion of the 2025 Notes was settled in cash, to reduce the cash payment obligation) in the event that at the time of conversion of the 2025 Notes the Company's Class A common stock price exceeded the conversion price of the 2025 Notes. Refer to Note 9 “Debt” to the condensed consolidated financial statements for further information.
(3)The 2029 Capped Calls are expected to reduce the potential dilution to the Company's Class A common stock (or, in the event a conversion of the 2029 Notes are settled in cash, to reduce the cash payment obligation) in the event that at the time of conversion of the 2029 Notes the Company's Class A common stock price exceeds the conversion price of the 2029 Notes. Refer to Note 9 “Debt” to the condensed consolidated financial statements for further information.