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NET LOSS PER SHARE | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
NET LOSS PER SHARE |
NOTE 8. NET LOSS PER SHARE
Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed using the weighted-average number of shares of common stock outstanding and potential shares assuming the dilutive effect of the Notes, using the if-converted method, and outstanding equity awards using the treasury stock method. The following table presents the calculation of the basic and diluted net loss per share amounts presented in the condensed consolidated statements of operations and comprehensive loss:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands, except per share amounts) | 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net loss | $ | (41,930) |  |  | $ | (173,319) |  |  | $ | (468,005) |  |  | $ | (251,497) |
Denominator: |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |
Weighted average shares used in computing basic net loss per share | 300,162 |  | 272,385 |  | 298,519 |  | 270,982
Basic net loss per share | $ | (0.14) |  |  | $ | (0.64) |  |  | $ | (1.57) |  |  | $ | (0.93) |
Diluted |  |  |  |  |  |  |
Weighted average shares used in computing diluted net loss per share | 300,162 |  | 272,385 |  | 298,519 |  | 270,982
Diluted net loss per share | $ | (0.14) |  |  | $ | (0.64) |  |  | $ | (1.57) |  |  | $ | (0.93) |
The following shares issuable upon conversion of the Notes and outstanding equity awards were excluded from the computation of diluted net loss per share for the periods presented because the effect of including such shares would have been antidilutive:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Shares issuable upon conversion of convertible senior notes | 61,415 |  | 31,063 |  | 61,415 |  | 31,063
Equity awards | 44,643 |  | 33,370 |  | 44,643 |  | 33,370
See Note 7. Equity Plans and Share-Based Compensation for detailed information on equity awards.

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