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Net Income (Loss) per Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Net Income (Loss) per Share | Net Income (Loss) per Share The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share for the years ended December 31, 2024, 2023, and 2022:
(In thousands, except share and per share data) | 2024 |  | 2023 |  | 2022
Numerator: |  |  |  |  |
Basic: net income (loss) | $ | 215,586 |  |  | $ | 46,887 |  |  | $ | (89,885) |
Gain on early extinguishment of debt, net of tax | — |  |  | (38,525) |  |  | — |
Interest expense related to convertible senior notes, net of tax | 2,239 |  |  | 389 |  |  | — |
Diluted: net income (loss) | $ | 217,825 |  |  | $ | 8,751 |  |  | $ | (89,885) |
Denominator: |  |  |  |  |
Weighted-average shares used to compute net income (loss) per share, basic and diluted
Basic | 133,620,612 |  | 134,774,189 |  | 130,517,920
Options to purchase common stock | 1,211,092 |  |  | 1,401,107 |  |  | — |
Common stock issuable upon vesting of restricted stock units and performance stock units | 2,437,873 |  |  | — |  |  | — |
Common stock issuable upon exercise of common stock warrants | 232,813 |  |  | 299,741 |  |  | — |
Common stock issuable in connection with employee stock purchase plan | 186,594 |  |  | 16,270 |  |  | — |
Common stock issuable in connection with convertible senior notes | 5,463,045 |  |  | 771,923 |  |  | — |
Diluted | 143,152,029 |  |  | 137,263,230 |  |  | 130,517,920 |
Net income (loss) per share: |  |  |  |  |
Basic | $ | 1.61 |  |  | $ | 0.35 |  |  | $ | (0.69) |
Diluted | $ | 1.52 |  |  | $ | 0.06 |  |  | $ | (0.69) |
For the years ended December 31, 2024, 2023, and 2022, the following potentially dilutive shares were excluded from the computation of diluted net income (loss) per share because including them would have been anti-dilutive:
| 2024 |  | 2023 |  | 2022
Options to purchase common stock | 1,500,000 |  |  | 1,859,807 |  |  | 3,851,647 |
Common stock issuable upon exercise of common stock warrants | — |  |  | — |  |  | 350,000 |
Common stock issuable upon vesting of RSUs and PSUs | 6,403,843 |  |  | 10,348,892 |  |  | 7,913,985 |
Common stock issuable in connection with employee stock purchase plan | 557,444 |  |  | 1,110,018 |  |  | 1,781,469 |
Common stock issuable in connection with convertible senior notes | — |  |  | 5,463,045 |  |  | 8,701,935 |
Total | 8,461,287 |  |  | 18,781,762 |  |  | 22,599,036 |

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