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Net Income per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Net Income per Share | Net Income per Share The following table sets forth the computation of the Company’s basic and diluted net income per share for the periods presented:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands, except share and per share data) | 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Basic: net income | $ | 32,726 |  |  | $ | 22,220 |  |  | $ | 70,456 |  |  | $ | 40,662 |
Interest expense related to convertible senior notes, net of tax | 579 |  |  | 646 |  |  | 1,158 |  |  | 1,292 |
Diluted | $ | 33,305 |  |  | $ | 22,866 |  |  | $ | 71,614 |  |  | $ | 41,954 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares used to compute net income per share, basic and diluted
Basic | 132,183,392 |  |  | 131,435,839 |  |  | 133,687,429 |  |  | 133,808,901 |
Options to purchase common stock | 481,910 |  |  | 1,069,292 |  |  | 522,696 |  |  | 1,165,090 |
Common stock issuable upon vesting of restricted stock units and performance stock units | 1,540,929 |  |  | — |  |  | 1,658,490 |  |  | 63,660 |
Common stock issuable upon exercise of common stock warrants | 232,838 |  |  | 297,737 |  |  | 232,842 |  |  | 297,761 |
Common stock issuable in connection with employee stock purchase plan | 296,047 |  |  | — |  |  | 301,065 |  |  | — |
Common stock issuable in connection with convertible senior notes | 5,463,045 |  |  | 5,463,045 |  |  | 5,463,045 |  |  | 5,463,045 |
Diluted | 140,198,161 |  |  | 138,265,913 |  |  | 141,865,567 |  |  | 140,798,457 |
Net income per share: |  |  |  |  |  |  |
Basic | $ | 0.25 |  |  | $ | 0.17 |  |  | $ | 0.53 |  |  | $ | 0.30 |
Diluted | $ | 0.24 |  |  | $ | 0.17 |  |  | $ | 0.50 |  |  | $ | 0.30 |
The following potentially dilutive shares were excluded from the computation of diluted net income per share because including them would have been anti-dilutive:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Options to purchase common stock | 1,747,494 |  |  | 1,996,063 |  |  | 1,500,000 |  |  | 1,900,265 |
Common stock issuable upon vesting of restricted stock units and performance stock units | 8,016,737 |  |  | 12,558,255 |  |  | 7,899,176 |  |  | 12,494,595 |
Common stock issuable in connection with employee stock purchase plan | 764,897 |  |  | 963,958 |  |  | 759,879 |  |  | 963,958 |
Total | 10,529,128 |  |  | 15,518,276 |  |  | 10,159,055 |  |  | 15,358,818 |

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