Net (Loss) Income Per Share

12 Months Ended

Dec. 31, 2024

Basic net (loss) income per share is computed by dividing net (loss) income attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net (loss) income per share is computed by dividing net (loss) income attributable to common stockholders by the weighted-average number of common shares outstanding during the period adjusted to include the effect of potentially dilutive securities. Potentially dilutive securities are excluded from the computation of dilutive EPS in periods in which the effect would be antidilutive.

The computation of the Company’s basic and diluted net (loss) income per share is as follows (in thousands, except per share amounts):


	Years Ended December 31,
	2024		2023		2022
Numerator:
Net (loss) income attributable to common stockholders	$	(2,846,167)	$	(1,604,497)	$	173,377
Debt discount amortization	—		—		2,258
Net (loss) income available to common stockholders	$	(2,846,167)	$	(1,604,497)	$	175,635
Denominator:
Weighted average shares used to compute net (loss) income per share attributable to common stockholders, basic	222,215		216,642		211,347
Weighted average effect of potentially dilutive shares to purchase common stock	—		—		7,810
Weighted average shares used to compute net (loss) income per share attributable to common stockholders, diluted	222,215		216,642		219,157
Net (loss) income per share attributable to common stockholders
Basic	$	(12.81)	$	(7.41)	$	0.82
Diluted	$	(12.81)	$	(7.41)	$	0.80

The following shares were excluded from the computation of diluted net (loss) income per share as the impact of including those shares would be anti-dilutive (in thousands):


	Year Ended December 31,
	2024	2023	2022

Outstanding stock options	1,805	1,674	1,661
Unvested restricted stock units	7,534	7,398	2,863
Convertible Senior Notes (if converted)	11,232	2,544	—
Total	20,571	11,616	4,524