XML 42 R23.htm IDEA: XBRL DOCUMENT
v3.25.4

Net Income Per Share | 12 Months Ended
--- | ---
Dec. 31, 2025
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share The rights of the holders of the Company’s Class A common stock and Class B common stock are identical, except with respect to voting and conversion. As the liquidation and dividend rights are identical, basic and diluted net income per share are the same for Class A common stock and Class B common stock. Basic and diluted net income per share is calculated as follows (in thousands, except share and per share amounts):
| Year ended December 31,
| 2025 |  | 2024 |  | 2023
Numerator: |  |  |  |  |
Net income | $ | 3,575 |  |  | $ | 68,742 |  |  | $ | 38,117 |
Denominator: |  |  |  |  |
Weighted average shares of common stock outstanding, basic | 28,366,770 |  | 24,124,833 |  | 8,948,537
Plus: dilutive effect of stock options | 1,564,697 |  | 2,551,403 |  | 727,076
Plus: dilutive effect of RSUs | 161,266 |  | 184,695 |  | —
Plus: dilutive effect of redeemable convertible preferred stock | — |  | — |  | 17,245,954
Plus: dilutive effect of ESPP | 7,846 |  | — |  | —
Weighted average common shares outstanding, diluted | 30,100,579 |  | 26,860,931 |  | 26,921,567
Net income per share, basic | $ | 0.13 |  |  | $ | 2.85 |  |  | $ | 4.26 |
Net income per share, diluted | $ | 0.12 |  |  | $ | 2.56 |  |  | $ | 1.42 |
The following potentially dilutive common shares, presented based on amounts outstanding, were excluded from the computation of diluted net income per share because their effect would have been antidilutive for the periods presented:
| Year ended December 31,
| 2025 |  | 2024 |  | 2023
Stock options | 139,985 |  |  | — |  |  | 2,944,025 |
RSUs | 1,613,391 |  |  | 317,120 |  |  | — |
ESPP | — |  |  | 44,109 |  |  | — |
Unvested shares of restricted stock purchase | — |  |  | 11,641 |  |  | 113,846 |
Common stock warrant | 4,121,034 |  |  | 4,121,034 |  |  | 3,528,577 |
Total shares excluded from diluted net income per share | 5,874,410 |  |  | 4,493,904 |  |  | 6,586,448 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration