Net Income (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Net Income (Loss) per Share Attributable to Common Stock

The following table presents the calculation of basic and diluted net income (loss) per share attributable to common stock:

	March 31, 2024
	Class A		Class B		Consolidated
	(in thousands, except share and per share data)
Numerator:
Net income (loss) attributable to common stockholders	$	(92,094)	$	(482,972)	$	(575,066)
Denominator:
Basic weighted-average common shares outstanding	11,248,688		58,991,804		70,240,492
Diluted weighted-average common shares outstanding	11,248,688		58,991,804		70,240,492
Basic and diluted income (loss) per share attributable to common stockholders:	$	(8.19)	$	(8.19)	$	(8.19)

	March 31, 2023
	Class A		Class B		Consolidated
	(in thousands, except share and per share data)
Numerator:
Net income (loss) attributable to common stockholders	$	(7,015)	$	(53,851)	$	(60,866)
Denominator:
Basic weighted-average common shares outstanding	6,698,085		51,416,661		58,114,745
Diluted weighted-average common shares outstanding	6,698,085		51,416,661		58,114,745
Basic and diluted income (loss) per share attributable to common stockholders:	$	(1.05)	$	(1.05)	$	(1.05)

Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Income (Loss) per Share Attributable to Common Stock

The following outstanding potentially dilutive shares, including stock options that have been exercised prior to vesting, were excluded from the computation of diluted net income (loss) per share attributable to common stock for the periods presented because the impact of including them would have been anti-dilutive.

	March 31, 2024
	Class A	Class B	Consolidated
Stock options	19,365,137	6,418,074	25,783,211
Unvested RSUs & RSAs	14,758,638	1,372,694	16,131,332
	34,123,775	7,790,768	41,914,543

	March 31, 2023
	Class A	Class B	Consolidated
Stock options	15,882,441	8,204,871	24,087,312
Unvested RSUs & RSAs	15,223,756	4,362,661	19,586,417
Preferred shares	5,104,017	67,917,432	73,021,449
	36,210,214	80,484,964	116,695,178