Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Company's Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the computation of the Company’s Loss per share:


	For the years ended December 31,
(dollars in thousands, except per share amounts)	2025		2024
Net income (loss)	$	4,140	$	(15,567)
Adjustments to Net Income (loss):


Series A Preferred Stock—adjustment to maximum redemptions value	(27,078)		(25,339)
Loss attributable to Common stockholders – basic and diluted	$	(22,938)	$	(40,906)




Weighted average Common Stock outstanding - basic and diluted	54,283,410		50,524,996







Loss per share – basic and diluted	$	(0.42)	$	(0.81)

Schedule of Potentially Diluted Common Shares that were Excluded from the Diluted Net Loss Per Share

The following table summarizes the potentially dilutive common shares that were excluded from diluted Loss per share - diluted computations because the effect would have been anti-dilutive:


	For the years ended December 31,
	2025	2024
Series A Preferred Stock	37,023,378	34,561,722
Unvested Restricted Stock Units	5,526,665	4,472,950
Public Warrants	17,249,874	17,249,874
Private Placement Warrants	9,400,000	9,400,000
Unvested Legacy Bridger Incentive Units	40,404	40,404
Sponsor Earnout Shares	855,000	855,000