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Net Income Per Share Attributable to Common Stockholders
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Attributable to Common Stockholders 14. Net Income Per Share Attributable to Common Stockholders
Basic net income per share attributable to common stockholders is computed by dividing the net income by the weighted-average number of shares of common stock outstanding during the period. The diluted net income per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents outstanding for the period. For diluted net income per share attributable to common stockholders, the dilutive effect of outstanding awards is reflected by application of the treasury stock method and convertible securities by application of the if-converted method, as applicable. For purposes of this calculation, RSUs, PSUs, the Notes, and stock purchase rights granted under the Company’s ESPP are considered to be common stock equivalents but are excluded from the calculation of diluted net income per share attributable to common stockholders when including them has an anti-dilutive effect. Basic and diluted net income per share attributable to common stockholders are the same for each class of common stock because they are entitled to the same liquidation and dividend rights.
The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders for the periods indicated (in thousands, except per share data):
Three Months Ended March 31,
20262025
Numerator
Net income attributable to common stockholders, basic and diluted
$14,250 $2,567 
Denominator
Weighted-average shares used in computing basic net income per share attributable to common stockholders
395,071 419,047 
Effect of potentially dilutive common stock equivalents7,416 4,977 
Weighted-average shares used in computing diluted net income per share attributable to common stockholders
402,487 424,024 
Basic net income per share attributable to common stockholders
$0.04 $0.01 
Diluted net income per share attributable to common stockholders
$0.04 $0.01 
The following potentially dilutive outstanding shares were excluded from the computation of diluted net income 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 March 31,
20262025
Restricted stock units14,654 1,449 
2025 Notes(1)
— 10,178 
2029 Notes(1)
21,821 21,821 
2030 Notes(1)
21,259 — 
Performance based restricted stock units12,372 15,779 
ESPP779 357 
Total70,885 49,584 
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(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. In addition, the 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 Notes are settled in cash, to reduce the cash payment obligation) in the event that at the time of conversion of the Notes the Company’s Class A common stock price exceeds the conversion prices of the Notes. Refer to Note 11 “Debt” to the condensed consolidated financial statements for further information.