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Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
Basic net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed by dividing net 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 income (loss) per share is as follows (in thousands, except per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Numerator: 
Net income (loss) attributable to common stockholders
$16,589 $(83,766)$346,373 $(32,510)
Debt discount amortization513 — 1,800 — 
Net income (loss) available to common stockholders
$17,102 $(83,766)$348,173 (32,510)
Denominator: 
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, basic
230,980 223,695 228,868 222,078 
Weighted average effect of potentially dilutive shares to purchase common stock36,493 — 33,328 — 
Weighted average shares used to compute net income (loss) per share attributable to common stockholders, diluted
267,473 223,695 262,196 222,078 
Net income (loss) per share attributable to common stockholders
Basic$0.07 $(0.37)$1.51 $(0.15)
Diluted$0.06 $(0.37)$1.33 $(0.15)

The following shares were excluded from the computation of diluted net income (loss) per share as the impact of including those shares would be anti-dilutive (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Outstanding stock options1,916 1,315 2,355 1,755 
Unvested restricted stock units2,594 2,568 9,317 7,924 
Convertible Senior Notes (if converted)— 30,783 — 14,976 
Total4,510 34,666 11,672 24,655