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Net Income/(Loss) per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Summary of Basic and Diluted Net Income/(Loss) per Common Share | The following table presents the calculation of basic and diluted net income/(loss) per common share (amounts in thousands, except per share amounts):
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Basic net income/(loss) per share |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income/(loss) | $ | 215,715 |  |  | $ | (57,445 | ) |  | $ | 81,339 |  |  | $ | (161,525 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted-average number of common shares used in net income/(loss) per common share - basic |  | 126,424 |  |  |  | 124,234 |  |  |  | 125,971 |  |  |  | 123,698 |
Net income/(loss) per common share - basic | $ | 1.71 |  |  | $ | (0.46 | ) |  | $ | 0.65 |  |  | $ | (1.31 | )
Diluted net income/(loss) per share |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income/(loss) | $ | 215,715 |  |  | $ | (57,445 | ) |  | $ | 81,339 |  |  | $ | (161,525 | )
Adjustment - Interest expense on Convertible Notes |  | 903 |  |  |  | — |  |  |  | 2,704 |  |  |  | — |
Adjusted net income/(loss) | $ | 216,618 |  |  | $ | (57,445 | ) |  | $ | 84,043 |  |  | $ | (161,525 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted-average number of common shares used in net income/(loss) per common share - basic |  | 126,424 |  |  |  | 124,234 |  |  |  | 125,971 |  |  |  | 123,698 |
Convertible notes |  | 2,379 |  |  |  | — |  |  |  | 2,379 |  |  |  | — |
Stock options to purchase common stock |  | 899 |  |  |  | — |  |  |  | 994 |  |  |  | — |
Unvested restricted stock units |  | 350 |  |  |  | — |  |  |  | 287 |  |  |  | — |
Shares expected to be purchased under employee stock purchase plan |  | 15 |  |  |  | — |  |  |  | 22 |  |  |  | — |
Weighted-average number of common shares used in net income/(loss) per common share - diluted |  | 130,067 |  |  |  | 124,234 |  |  |  | 129,653 |  |  |  | 123,698 |
Net income/(loss) per common share - diluted | $ | 1.67 |  |  | $ | (0.46 | ) |  | $ | 0.65 |  |  | $ | (1.31 | )
Summary of Potential Common Shares that were Excluded from Calculation of Diluted Net Income/(Loss) Per Share Due to Anti-Dilutive Effect | The following table presents securities excluded from the calculation of diluted net income/(loss) per share due to their anti-dilutive effect (in thousands):
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Convertible notes |  | — |  |  |  | 2,379 |  |  |  | — |  |  |  | 2,379 |
Stock options to purchase common stock |  | 7,230 |  |  |  | 8,063 |  |  |  | 6,284 |  |  |  | 8,063 |
Unvested restricted stock units |  | 3,942 |  |  |  | 4,017 |  |  |  | 4,328 |  |  |  | 4,017 |
Total |  | 11,172 |  |  |  | 14,459 |  |  |  | 10,612 |  |  |  | 14,459 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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