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Net Income Per Share Attributable to Common Stockholders | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Numerator |  |  |  |  |  |  |
Net income attributable to common stockholders, basic and diluted | $ | 50,294 |  |  | $ | 40,314 |  |  | $ | 64,544 |  |  | $ | 42,881 |
Denominator |  |  |  |  |  |  |
Weighted-average shares used in computing basic net income per share attributable to common stockholders | 380,280 |  |  | 417,242 |  |  | 387,634 |  |  | 418,793 |
Effect of potentially dilutive common stock equivalents | 6,054 |  |  | 5,711 |  |  | 6,735 |  |  | 5,344 |
Weighted-average shares used in computing diluted net income per share attributable to common stockholders | 386,334 |  |  | 422,953 |  |  | 394,369 |  |  | 424,137 |
Basic net income per share attributable to common stockholders | $ | 0.13 |  |  | $ | 0.10 |  |  | $ | 0.17 |  |  | $ | 0.10 |
Diluted net income per share attributable to common stockholders | $ | 0.13 |  |  | $ | 0.10 |  |  | $ | 0.16 |  |  | $ | 0.10 |
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 June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Restricted stock units | 714 |  |  | 1,296 |  |  | 714 |  |  | 1,296 |
2029 Notes(1) | 21,821 |  |  | 21,821 |  |  | 21,821 |  |  | 21,821 |
2030 Notes(1) | 21,259 |  |  | — |  |  | 21,259 |  |  | — |
Performance-based restricted stock units | 12,004 |  |  | 14,956 |  |  | 12,004 |  |  | 14,956 |
ESPP | 2,399 |  |  | 1,416 |  |  | 2,399 |  |  | 1,416 |
Total | 58,197 |  |  | 39,489 |  |  | 58,197 |  |  | 39,489 |
_______________ (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.

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