Net Income (Loss) per Share Attributable to Common Stockholders

9 Months Ended

Sep. 30, 2026

Earnings Per Share [Abstract]

Net Income (Loss) per Share Attributable to Common Stockholders

Net Income (Loss) per Share Attributable to Common Stockholders

Basic net income (loss) attributable to common stockholders per share is calculated by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding. The Company computes diluted net income (loss) per share under a two-class method where income is reallocated between common stock,

potential common stock and participating securities, if any. Diluted net income (loss) per share attributable to common stockholders adjusts the basic net income (loss) per share attributable to common stockholders and the weighted-average number of shares of common stock outstanding for the potentially dilutive impact of stock options using the treasury stock method.

The following table sets forth the computation of the Company’s basic and diluted net income per share attributable to common stockholders:

	For the three months ended September 30,				For the nine months ended September 30,
(In thousands, except for share and per share values)	2026		2025		2026		2025
Numerator:
Net income	$	91,319	$	758	$	101,964	$	7,883
Net income attributable to common stockholders — basic	$	91,319	$	758	$	101,964	$	7,883
Net income attributable to common stockholders - diluted	$	91,319	$	758	$	101,964	$	7,883
Denominator:
Weighted average shares of common stock outstanding — basic	108,820,109		111,839,451		110,776,950		110,802,832
Add: effect of dilutive 2021 ESPP	17,833		—		8,566		—
Add: effect of dilutive RSUs	3,640,657		1,870,457		2,266,651		3,215,974
Add: effect of dilutive stock options	—		—		—		97,171
Weighted average shares of common stock outstanding - diluted	112,478,599		113,709,908		113,052,167		114,115,977
Net income per share, attributable to common shareholders:
Basic	$	0.84	$	0.01	$	0.92	$	0.07
Diluted	$	0.81	$	0.01	$	0.90	$	0.07

The following potentially dilutive shares were excluded from the computation of diluted net income per share because including them would have been antidilutive:

	For the three months ended September 30,		For the nine months ended September 30,
	2026	2025	2026	2025
Stock options to purchase common stock	3,374,873	3,557,343	3,953,943	2,430,453
Unvested RSUs and PSUs	983,993	2,599,830	2,365,091	1,127,705
Employee stock purchase plan	—	26,681	25,186	23,663
Total	4,358,866	6,183,854	6,344,220	3,581,821