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Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
Net income (loss) per share is allocated based on the contractual participation rights of the Class A and Class B common shares as if the income (loss) for the year has been distributed. As the liquidation and dividend rights are identical, net income (loss) is allocated on a proportionate basis.
A reconciliation of the denominator used in the calculation of basic and diluted income (loss) per share is as follows (in thousands, except share and per share data):
Three months ended
June 30, 2026June 30, 2025
Class A
Class B
Class A
Class B
Basic net income (loss) per share
Numerator
Net income (loss), basic
$12,580 $862 $(18,070)$(1,330)
Denominator
Weighted-average shares outstanding, basic52,069,343 3,569,583 52,231,140 3,845,583 
Net income (loss) per share, basic
$0.24 $0.24 $(0.35)$(0.35)
Diluted net income (loss) per share
Numerator
Net income (loss), basic
$12,580 $862 $(18,070)$(1,330)
Net income (loss), diluted
$12,580 $862 $(18,070)$(1,330)
Denominator
Weighted-average shares outstanding, basic52,069,343 3,569,583 52,231,140 3,845,583 
Weighted-average effect of dilutive securities:
Employee share-based awards390,377 26,762 — — 
Number of shares used in diluted calculation
52,459,721 3,596,345 52,231,140 3,845,583 
Net income (loss) per share, diluted
$0.24 $0.24 $(0.35)$(0.35)
Six months ended
June 30, 2026June 30, 2025
Class A
Class B
Class A
Class B
Basic net income (loss) per share
Numerator
Net income (loss), basic$30,339 $2,099 $(37,978)$(2,793)
Denominator
Weighted-average shares outstanding, basic51,684,300 3,575,309 52,287,703 3,845,583 
Net income (loss) per share, basic$0.59 $0.59 $(0.73)$(0.73)
Diluted net income (loss) per share
Numerator
Net income (loss), basic$30,339 $2,099 $(37,978)$(2,793)
Net income (loss), diluted$30,339 $2,099 $(37,978)$(2,793)
Denominator
Weighted-average shares outstanding, basic51,684,300 3,575,309 52,287,703 3,845,583 
Weighted-average effect of diluted securities:
Employee share-based awards523,362 36,204 — — 
Number of shares used in diluted calculation
52,207,662 3,611,513 52,287,703 3,845,583 
Net income (loss) per share, diluted
$0.58 $0.58 $(0.73)$(0.73)
The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net income (loss) per common share were as follows:
Three months ended June 30,Six months ended June 30,
2026202520262025
Shares subject to outstanding common stock options— 725,459 — 725,459 
Shares subject to unvested restricted stock units and performance restricted stock units— 3,180,310 — 3,180,310 
Shares issuable pursuant to the ESPP— 89,499 — 89,499 
Shares underlying our convertible senior notes
6,132,025 6,132,025 6,132,025 6,132,025