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Net Income (Loss) Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share Basic net income (loss) per common share is based on the weighted-average common shares outstanding during the relevant period. Diluted net income (loss) per share is based on the weighted-average common shares outstanding during the relevant period, adjusted for the dilutive effect of share-based awards and convertible debt. For periods in which the Company reports net losses, basic and diluted net loss per share are the same because potentially dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.
|  |  |  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30,
|  |  |  | 2024 |  | 2025 |  |  |  | 2024 |  | 2025
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  |  |  | $ | (54,470) |  |  | $ | 5,607 |  |  |  |  | $ | (119,068) |  |  | $ | 3,160 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding used to calculate net income (loss) per share, basic |  |  |  | 88,435,893 |  |  | 95,526,364 |  |  |  |  | 87,733,294 |  |  | 94,903,909 |
Weighted-average effect of dilutive securities |  |  |  | — |  |  | 7,325,920 |  |  |  |  | — |  |  | 8,273,674 |
Weighted-average common shares outstanding used to calculate net income (loss) per share, diluted |  |  |  | 88,435,893 |  |  | 102,852,284 |  |  |  |  | 87,733,294 |  |  | 103,177,583 |
Net income (loss) per share, basic |  |  |  | $ | (0.62) |  |  | $ | 0.06 |  |  |  |  | $ | (1.36) |  |  | $ | 0.03 |
Net income (loss) per share, diluted |  |  |  | $ | (0.62) |  |  | $ | 0.05 |  |  |  |  | $ | (1.36) |  |  | $ | 0.03 |
The following securities were excluded from the computation of diluted net income (loss) per share for the periods presented, due to their anti-dilutive effect. These amounts represent the number of instruments outstanding at the end of each respective period:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30,
|  | 2024 |  | 2025 |  |  |  | 2024 |  | 2025
Options to purchase common stock |  | 13,229,971 |  |  | 9,839,891 |  |  |  |  | 13,229,971 |  |  | 9,839,891 |
Unvested RSUs |  | 5,141,818 |  |  | 3,152,602 |  |  |  |  | 5,141,818 |  |  | 3,152,602 |
Purchase rights committed under the ESPP |  | 152,542 |  |  | 65,540 |  |  |  |  | 152,542 |  |  | 65,540 |
Convertible debt |  | 2,318,078 |  |  | 15,929,353 |  |  |  |  | 2,318,078 |  |  | 15,929,353 |
Total |  | 20,842,409 |  |  | 28,987,386 |  |  |  |  | 20,842,409 |  |  | 28,987,386 |

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