Net Income (Loss) Per Share

6 Months Ended

Dec. 31, 2025

15.

Net Income (Loss) Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock used in the basic net income (loss) per share calculation plus the dilutive effect of shares subject to repurchase, options and unvested RSUs.

The following table presents the calculation of net income (loss) per share of basic and diluted (in thousands, except per share data):


	Three Months Ended				Six Months Ended
	December 31, 2025		December 31, 2024		December 31, 2025		December 31, 2024
Net income (loss)	$	7,876	$	7,382	$	13,487	$	(3,122	)
Weighted-average shares used in per share calculation – basic		133,914		132,381		133,443		131,778
Options to purchase common stock		258		551		274		—
Restricted stock units		915		1,100		1,556		—
Employee Stock Purchase Plan shares		79		75		106		—
Weighted-average shares used in per share calculation – diluted		135,166		134,107		135,379		131,778

Net income (loss) per share – basic and diluted
Net income (loss) per share – basic	$	0.06	$	0.06	$	0.10	$	(0.02	)
Net income (loss) per share – diluted	$	0.06	$	0.06	$	0.10	$	(0.02	)

The following securities were excluded from the computation of net income (loss) per diluted share of common stock for the periods presented as their effect would have been anti-dilutive (in thousands):


	Three Months Ended				Six Months Ended
	December 31, 2025		December 31, 2024		December 31, 2025		December 31, 2024
Options to purchase common stock		—		—		—		997
Restricted stock units		537		1,295		554		5,638
Employee Stock Purchase Plan shares		620		695		452		545
Total shares excluded		1,157		1,990		1,006		7,180