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Net income (loss) per share

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Net income (loss) per share

7.        Net income (loss) per share

Basic and diluted net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding.

The following tables set forth the computation of basic and diluted net income (loss) per share:

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended March 31,
​		2025			2024
Numerator:	​	​	​	​	​	​	​
Net income (loss), basic	​	$	866,562		$	(91,576)	​
Add: Interest expense, net of tax, on the Company's 2026 Convertible Notes	​	​	1,081	​	​	—	​
Net income (loss), diluted	​	$	867,643	​	$	(91,576)	​
Denominator:	​	​	​	​	​	​	​
Weighted-average number of shares outstanding, basic	​	​	78,115,836		​	76,496,127	​
Effect of dilutive securities:	​	​	​	​	​	​	​
Common stock issuable under the Company's equity incentive plans	​		2,795,971	​		—	​
Common stock issuable under the Company's 2026 Convertible Notes	​	​	5,474,115	​	​	—	​
Weighted-average common shares outstanding, diluted	​	​	86,385,922	​	​	76,496,127	​
Net income (loss) per common share, basic	​	$	11.09	​	$	(1.20)	*
Net income (loss) per common share, diluted	​	$	10.04	​	$	(1.20)	*

*   In the three months ended March 31, 2024, the Company experienced a net loss and therefore did not report any dilutive share impact.

The following table shows historical common share equivalents outstanding, which are not included in the above calculation, as the effect of their inclusion is anti-dilutive during each period. The anti-dilutive shares are calculated as the unweighted outstanding shares as of the reporting period end date that are antidilutive using the treasury stock method.

​

​	​	​	​	​	​
​	​	As of March 31,			​
​		2025		2024
Stock Options	​	2,490,078	​	9,530,185	​
Unvested restricted stock units		3,872,981		3,730,166
Total		6,363,059		13,260,351

​

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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