Three Months Ended June 30,

Six Months Ended June 30,

2025

2024

2025

2024

Numerator:

Net (loss) income, basic

$

(64,849)

$

(99,179)

$

801,713

$

(190,755)

Add: Interest expense, net of tax, on the Company's 2026 Convertible Notes

—

2,161

—

Net (loss) income, diluted

$

(64,849)

$

(99,179)

803,874

(190,755)

Denominator:

Weighted-average number of shares outstanding, basic

78,151,240

76,725,070

78,438,830

76,610,598

Effect of dilutive securities:

Common stock issuable under the Company's equity incentive plans

—

2,589,633

—

Common stock issuable under the Company's 2026 Convertible Notes

—

5,474,115

—

Weighted-average common shares outstanding, diluted

78,151,240

76,725,070

86,502,578

76,610,598

Net (loss) income per common share, basic

$

(0.83)

*

$

(1.29)

*

$

10.22

(2.49)

*

Net (loss) income per common share, diluted

$

(0.83)

*

$

(1.29)

*

$

9.29

$

(2.49)

*