v3.25.4
Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

11. Net Income (Loss) Per Share

 

The following table sets forth the computation of the basic and diluted net income (loss) per share attributable to common stockholders for the twelve months ended December 31, 2025 and 2024, respectively:

 



 

Year Ended December 31,

 

(In thousands, except share and per share data)

 

2025

 

 

2024

 

Numerator:

 



 

 



 

Net income (loss)

 

$

10,039

 

 

$

(72,617

)

Denominator:

 



 

 



 

Weighted average shares outstanding, basic

 

 

38,841,116

 

 

 

26,774,895

 

Dilutive effect of potential common shares

 

 

3,284,816

 

 

 

 

Weighted average shares outstanding, diluted

 

 

42,125,932

 

 

 

26,774,895

 

Basic net income (loss) per share

 

$

0.26

 

 

$

(2.71

)

Diluted net income (loss) per share

 

$

0.24

 

 

$

(2.71

)

Anti-dilutive securities, excluded

 

 

5,859,044

 

 

 

14,812,452

 

 

Potentially dilutive shares, which are based on the weighted-average shares of common stock, stock options, unvested stock units, unvested stock awards, purchase rights granted under the employee stock purchase plan and warrants using the treasury stock method are included when calculating diluted net income (loss) per share attributable to the Company when their effect is dilutive. Because the Company incurred a net loss for the twelve months ended December 31, 2024 none of the potentially dilutive common shares were included in the diluted share calculation for that period as they would have been anti-dilutive.