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NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
The following tables present the calculation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except share and per share data):
Three Months Ended March 31,
20262025
Basic net income (loss) per share:
Class AClass BClass AClass BClass C
Numerator:
Net income (loss)$44,735 $3,310 $(20,065)$(1,803)$(315)
Undeclared cumulative dividends to preferred stockholders(14,440)(1,068)(12,397)(1,114)(195)
Net income (loss) attributable to common stockholders$30,295 $2,242 $(32,462)$(2,917)$(510)
Denominator:
Weighted-average number of shares outstanding, basic334,605,611 24,750,000 275,475,350 24,750,000 4,328,764 
Basic net income (loss) per share attributable to common stockholders$0.09 $0.09 $(0.12)$(0.12)$(0.12)
Three Months Ended March 31,
20262025
Dilutive net income (loss) per share:
Class AClass BClass AClass BClass C
Numerator:
Net income (loss) used in basic computation$30,295 $2,242 $(32,462)$(2,917)$(510)
Reversal of unrealized gain on preferred stock(8,031)— — — — 
Reallocation of net income as a result of conversion of Class B to Class A shares2,242 — — — — 
Reallocation of undistributed earnings— (638)— — — 
Net income (loss) attributable to common stockholders$24,506 $1,604 $(32,462)$(2,917)$(510)
Denominator:
Weighted-average number of shares used in basic computation334,605,611 24,750,000 275,475,350 24,750,000 4,328,764 
Conversion of Class B to Class A shares outstanding24,750,000 — — — — 
Dilutive securities18,953,687 — — — — 
Weighted-average number of shares outstanding, diluted378,309,298 24,750,000 275,475,350 24,750,000 4,328,764 
Diluted net income (loss) per share attributable to common stockholders$0.06 $0.06 $(0.12)$(0.12)$(0.12)
The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income (loss) per share because including them would have had an anti-dilutive effect:
Three Months Ended March 31,
Excluded Securities20262025
Stock options to purchase common stock— 5,835,796 
RSUs4,898,140 14,990 
Total4,898,140 5,850,786 
The table above does not include stock options to purchase an aggregate of 9,630,210 shares of Class A common stock outstanding as of March 31, 2026 and 2025, zero and 6,590 shares of restricted stock outstanding as of March 31, 2026 and 2025, respectively, and 12,410,483 and 39,131,220 RSUs outstanding as of March 31, 2026 and 2025, respectively, as these awards are subject to performance conditions that were not probable of vesting as of those dates