Net (Loss) Income Per Share

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Net (Loss) Income Per Share

24. NET (LOSS) INCOME PER SHARE

The Company calculates basic earnings per share by dividing the net (loss) income attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. The diluted earnings per share is computed by assuming the exercise, settlement and vesting of all potential dilutive common stock equivalents outstanding for the period using the treasury stock method. The Company excludes common stock equivalent shares from the calculation if their effect is anti-dilutive. In a period where the Company is in a net loss position, the diluted loss per share is calculated using the basic share count.

The following table sets forth a reconciliation of the numerator and denominator used to compute basic and diluted earnings per share of common stock (in thousands, except for share and per share data).

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2025			2024			2025			2024
Numerator
Net (loss) income	$	(1,971	)	$	4,132		$	(6,432	)	$	24,980
Accretion of redeemable non-controlling interest		—			(1,320	)		(1,276	)		(3,683	)
Net (loss) income attributable to common stockholders	$	(1,971	)	$	2,812		$	(7,708	)	$	21,297
Denominator
Weighted average shares of common stock—basic and diluted		631,440,015			615,857,231			635,263,670			608,073,087
Dilutive effect of stock-based awards		—			26,547,286			—			30,996,404
Weighted average shares of common stock—diluted		631,440,015			642,404,517			635,263,670			639,069,491
Net (loss) income per share:
Basic	$	(0.00	)	$	0.00		$	(0.01	)	$	0.04
Diluted	$	(0.00	)	$	0.00		$	(0.01	)	$	0.03

Approximately 26,385,228 and 344,640 common stock equivalent shares were excluded from the computation of diluted per share amounts for the three months ended September 30, 2025 and 2024, respectively, because their effect was anti-dilutive.

Approximately 28,796,872 and 57,487 common stock equivalent shares were excluded from the computation of diluted per share amounts for the nine months ended September 30, 2025 and 2024, respectively, because their effect was anti-dilutive.

As part of the Business Combination, 8,625,000 shares issued and held by Dragoneer (the "Sponsor Vesting Shares") became non-transferable and subject to forfeiture on the tenth anniversary of the closing of the Business Combination if neither of the defined triggering events has occurred. The Sponsor Vesting Shares are issued and outstanding during the three and nine months ended September 30, 2025 and 2024 and excluded from the weighted average number of shares of common stock outstanding until the vesting requirement is met and the restriction is removed.