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Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of our common stock outstanding.
For the calculation of diluted net income per share, net income attributable to common stockholders for basic net income per share is adjusted by the effect of dilutive securities, including awards under our equity compensation plans and change in fair value of warrant liability. Diluted net income per share attributable to common stockholders is computed by dividing the resulting net income attributable to common stockholders by the weighted-average number of fully diluted common shares outstanding.
The numerators and denominators of the basic net income (loss) and diluted net income per share computations for our common stock are calculated as follows (in thousands):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
Numerator
Net income (loss) attributable to common stockholders, basic and diluted
$18,721 $11,386 $(77,378)$2,665 
  
Add: interest expense on convertible notes$1,231 $1,273 $— $— 
Net income (loss) attributable to common stockholders, diluted
$19,952 $12,659 $(77,378)$2,665 
Denominator
Weighted average common stock outstanding, basic119,317 130,916 $122,079 $130,551 
Effect of dilutive shares:
Stock-based compensation plans2,844 2,009 $— $3,031 
Convertible Notes (as converted to common stock)16,195 21,543 $— $— 
Weighted average common stock outstanding, basic and diluted138,356 154,468 $122,079 $133,582 
Net income (loss) per share attributable to common stockholders
Basic$0.16 $0.09 $(0.63)$0.02 
Diluted$0.14 $0.08 $(0.63)$0.02 
The following were excluded from the calculation of diluted net income (loss) per share as the effect of their inclusion would have been anti-dilutive (in thousands).
 Three months ended June 30,Six months ended June 30,
 2025202420252024
Outstanding securities not included in diluted net income (loss) per share calculation:
Stock options and stock awards13,0778,89118,5336,966
Convertible Notes (as converted to common stock)--16,19521,543
Total13,0778,89134,72828,509