v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income and revenues:        
Income from purchased receivables under the EIR method $ 6,007 $ 4,562 $ 12,077 $ 4,562
Income from purchased receivables under the cost recovery method 1,743 870 7,268 870
Revenue from contracts with customers 5,025 5,025 9,025 6,025
Revenue recognized under units-of-revenue method 354 629 671 1,119
Total income and revenues 13,129 11,086 29,041 12,576
Operating expenses:        
Research and development 69 1,161 1,362 1,194
General and administrative 7,802 11,004 15,948 19,465
Credit losses on purchased receivables   9,000   9,000
Amortization of intangible assets 655   1,199  
Total operating expenses 8,526 21,165 18,509 29,659
Income (loss) from operations 4,603 (10,079) 10,532 (17,083)
Other (expense) income, net:        
Gain on the acquisition of Kinnate   19,316   19,316
Change in fair value of embedded derivative related to RPA   8,100   8,100
Interest expense (3,236) (3,402) (6,703) (6,953)
Other income, net 7,824 2,050 7,729 4,010
Net income 9,191 15,985 11,558 7,390
Net income available to common stockholders, basic 5,522 10,224 6,225 3,253
Net income available to common stockholders, diluted $ 7,823 $ 14,617 $ 8,822 $ 4,654
Net income per share available to common stockholders, basic (in dollars per share) $ 0.46 $ 0.88 $ 0.52 $ 0.28
Net income per share available to common stockholders, diluted (in dollars per share) $ 0.44 $ 0.84 $ 0.5 $ 0.27
Weighted-average shares used in computing net income per share available to common stockholders, basic (in shares) 12,007 11,643 11,988 11,611
Weighted-average shares used in computing net income per share available to common stockholders, diluted (in shares) 17,761 17,321 17,777 17,263