| Summary of Earnings Per Share, Basic and Diluted |
Basic and diluted weighted average shares outstanding and (loss) earnings per share were as follows (in thousands, except share and per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Net (loss) income | $ | (32,161) | | | $ | 21,650 | | | $ | 24,525 | | | $ | (60,908) | | | | | | | | | | | Weighted-average shares outstanding: | | | | | | | | | Weighted average shares used in computing (loss) earnings per share, basic | 147,055,804 | | | 145,236,526 | | | 147,779,470 | | | 145,279,938 | | | PBNQSO | — | | | — | | | 1,188,480 | | | — | | | Founders advisory fees | — | | | 9,428,244 | | | 7,071,183 | | | — | | | Weighted average shares used in computing (loss) earnings per share, diluted | 147,055,804 | | | 154,664,770 | | | 156,039,133 | | | 145,279,938 | | | | | | | | | | | Basic (loss) earnings per share | $ | (0.22) | | | $ | 0.15 | | | $ | 0.17 | | | $ | (0.42) | | | | | | | | | | | Diluted (loss) earnings per share | $ | (0.22) | | | $ | 0.14 | | | $ | 0.16 | | | $ | (0.42) | |
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| Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The number of anti-dilutive securities not included in the calculation of diluted (loss) earnings per share were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | | PBNQSO | 1,511,730 | | | 245,004 | | | 235,000 | | | 245,004 | | | | Founders advisory fees | 7,071,183 | | | — | | | — | | | 9,428,244 | | | | Warrants | — | | | 8,460,860 | | | — | | | 8,460,860 | | | | Total | 8,582,913 | | | 8,705,864 | | | 235,000 | | | 18,134,108 | | |
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