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Net Income Per Common Share | 3 Months Ended
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Mar. 31, 2026
Earnings Per Share [Abstract] |
Net Income Per Common Share | Net Income Per Common Share The following table presents the calculation of basic and diluted net income per share attributable to common stockholders for the periods indicated. Basic net income per share is calculated using the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is calculated using the weighted-average number of shares of common stock outstanding including the dilutive effect of all potential shares of common stock as determined under the treasury stock method. Dilutive common shares primarily include outstanding stock options, unvested restricted stock units (“RSUs”), and Employee Stock Purchase Plan (“ESPP”) related shares.
| Three Months Ended March 31, |  |
(in thousands, except share and per share data) | 2026 |  | 2025 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 49,053 |  |  | $ | 11,352 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted-average shares used in computing net income per share attributable to common stockholders: |  |  |  |  |  |  |
Basic | 211,032,788 |  |  | 201,744,601 |  |  |  |  |
Effect of dilutive securities | 6,014,611 |  |  | 16,670,222 |  |  |  |  |
Diluted | 217,047,399 |  | 218,414,823 |  |  |  |
Net income per share attributable to common stockholders: |  |  |  |  |  |  |
Basic | $ | 0.23 |  |  | $ | 0.06 |  |  |  |  |
Diluted | $ | 0.23 |  |  | $ | 0.05 |  |  |  |  |
As of March 31, 2026, performance stock units (“PSUs”) to be settled in 1.5 million shares of common stock were excluded from the table below as they are subject to market conditions that were not achieved as of such date. The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Stock options outstanding | — |  |  | 1,250 |  |  |  |  |
RSUs outstanding | 6,904,020 |  |  | 608,728 |  |  |  |  |
ESPP | 406,234 |  |  | 358,480 |  |  |  |  |
Total | 7,310,254 |  |  | 968,458 |  |  |  |  |

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