Net Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,								Six months ended June 30,
	2025				2024				2025				2024
	Class A		Class B		Class A		Class B		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	$	62,806	$	26,491	$	(3,034)	$	(7,065)	$	80,803	$	34,652	$	(151,229)	$	(433,936)
Denominator:
Basic weighted-average common shares outstanding	130,426,589		55,011,188		49,386,912		114,995,824		128,586,761		55,144,231		30,317,800		86,993,814
Basic income (loss) per share attributable to common stockholders	$	0.48	$	0.48	$	(0.06)	$	(0.06)	$	0.63	$	0.63	$	(4.99)	$	(4.99)
Diluted net income (loss) per share attributable to common stockholders:
Numerator:
Net income (loss) attributable to common stockholders	$	64,676	$	24,621	$	(3,034)	$	(7,065)	$	83,730	$	31,725	$	(151,229)	$	(433,936)
Denominator:
Basic weighted-average common shares outstanding	130,426,589		55,011,188		49,386,912		114,995,824		128,586,761		55,144,231		30,317,800		86,993,814
Weighted-average effect of dilutive potential common stock	14,084,656		—		—		—		16,950,466		—		—		—
Shares used in computation of diluted net income (loss) per share attributable to common stockholders	144,511,245		55,011,188		49,386,912		114,995,824		145,537,227		55,144,231		30,317,800		86,993,814
Diluted net income (loss) per share attributable to common stockholders	$	0.45	$	0.45	$	(0.06)	$	(0.06)	$	0.58	$	0.58	$	(4.99)	$	(4.99)

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 June 30,				Six months ended June 30,
	2025		2024		2025		2024
	Class A	Class B	Class A	Class B	Class A	Class B	Class A	Class B
Stock options	—	—	19,090,416	6,410,374	—	—	19,090,416	6,410,374
Unvested RSUs and RSAs	433,058	—	12,620,086	1,335,312	126,137	—	12,620,086	1,335,312
	433,058	—	31,710,502	7,745,686	126,137	—	31,710,502	7,745,686