Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Income Per Share

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,
	2025		2024		2025		2024
Numerator:
Net income (loss) attributable to common stockholders	$	16,589	$	(83,766)	$	346,373	$	(32,510)
Debt discount amortization	513		—		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 stock	36,493		—		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)

Schedule of Shares Excluded From Computation of Diluted Net Income Per Share

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,
	2025	2024	2025	2024
Outstanding stock options	1,916	1,315	2,355	1,755
Unvested restricted stock units	2,594	2,568	9,317	7,924
Convertible Senior Notes (if converted)	—	30,783	—	14,976
Total	4,510	34,666	11,672	24,655