Net Income (Loss) per Share (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Basic and Diluted Net Loss Per Share of Common Stock

The following table summarizes the computation of basic and diluted net income (loss) per share of our common stock for the years ended December 31, 2025, 2024 and 2023 (in thousands, except share and per share data):


	Year Ended December 31,
		2025		2024		2023
Numerator:
Net income (loss) attributable to common stockholders, basic and diluted		$	23,381	$	25,526	$	(152,815)

Denominator:
Weighted-average common shares outstanding, basic		64,727,551		62,607,583		60,756,087
Weighted-average effect of dilutive shares:
Dilutive effect of equity incentive plans		274,404		576,068		—

Weighted-average common shares outstanding, diluted		65,001,955		63,183,651		60,756,087

Net income (loss) per share attributable to common stockholders, basic		$	0.36	$	0.41	$	(2.52)
Net income (loss) per share attributable to common stockholders, diluted		$	0.36	$	0.40	$	(2.52)

Summary of Anti-Dilutive Securities Excluded from Computation Diluted Weighted Average Shares Outstanding

The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding for the respective periods below because they would have been anti-dilutive:


	Year Ended December 31,
		2025	2024	2023
Options to purchase common stock		—	—	716,270
Unvested restricted stock units		—	—	2,983,020
Common shares issued in conjunction with acquisitions		—	227,316	115,051
Shares to be issued under ESPP		173,166	91,634	103,778
Convertible senior notes		10,679,754	11,183,611	11,183,611
Total		10,852,920	11,502,561	15,101,730

Rapid7, Inc. 10-K