Net Income (Loss) per Share (Tables)

3 Months Ended

Mar. 31, 2025

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:

	Three months ended March 31,
	2025				2024
	Class A		Class B		Class A		Class B
	(in thousands, except share and per share data)
Basic net income (loss) per share attributable to common stockholders:
Numerator:
Net income (loss) attributable to common stockholders	$	18,214	$	7,944	$	(92,094)	$	(482,972)
Denominator:
Basic weighted-average common shares outstanding	126,746,933		55,277,274		11,248,688		58,991,804
Basic income (loss) per share attributable to common stockholders	$	0.14	$	0.14	$	(8.19)	$	(8.19)
Diluted net income (loss) per share attributable to common stockholders:
Numerator:
Net income (loss) attributable to common stockholders	$	18,974	$	7,184	$	(92,094)	$	(482,972)
Denominator:
Basic weighted-average common shares outstanding	126,746,933		55,277,274		11,248,688		58,991,804
Weighted-average effect of dilutive potential common stock	19,251,016		—		—		—
Shares used in computation of diluted net income (loss) per share attributable to common stockholders	145,997,949		55,277,274		11,248,688		58,991,804
Diluted net income (loss) per share attributable to common stockholders	$	0.13	$	0.13	$	(8.19)	$	(8.19)

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.

	Three months ended March 31,
	2025		2024
	Class A	Class B	Class A	Class B
Stock options	—	—	19,365,137	6,418,074
Unvested RSUs and RSAs	143,904	—	14,758,638	1,372,694
	143,904	—	34,123,775	7,790,768