| Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders |
Basic and diluted net income (loss) per share attributable to common stockholders was calculated as follows (in thousands, except share and per share data):
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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Basic Earnings Per Share: |
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Numerator: |
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Net income (loss) from continuing operations attributable to common stockholders |
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$ |
5,696 |
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$ |
(125,771 |
) |
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$ |
(190,130 |
) |
Net income from discontinuing operations attributable to common stockholders |
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$ |
— |
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$ |
125,907 |
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$ |
76,406 |
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Net income (loss) attributable to common stockholders |
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$ |
5,696 |
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|
$ |
136 |
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|
$ |
(113,724 |
) |
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Denominator: |
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Weighted average common shares outstanding - basic |
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8,858,975 |
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7,769,910 |
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6,400,339 |
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Net income (loss) from continuing operations per share attributable to common stockholders - basic |
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$ |
0.64 |
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|
$ |
(16.20 |
) |
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$ |
(29.71 |
) |
Net income from discontinued operations per share attributable to common stockholders - basic |
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$ |
— |
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$ |
16.20 |
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$ |
11.94 |
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Net income (loss) per share attributable to common stockholders - basic |
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$ |
0.64 |
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$ |
0.00 |
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$ |
(17.77 |
) |
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Diluted Earnings Per Share: |
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Numerator: |
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Net income (loss) from continuing operations attributable to common stockholders |
|
$ |
5,696 |
|
|
$ |
(125,771 |
) |
|
$ |
(190,130 |
) |
Net income from discontinuing operations attributable to common stockholders |
|
$ |
— |
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|
$ |
125,907 |
|
|
$ |
76,406 |
|
Net income (loss) attributable to common stockholders |
|
$ |
5,696 |
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$ |
136 |
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|
$ |
(113,724 |
) |
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Denominator: |
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Weighted average common shares outstanding - basic |
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8,858,975 |
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7,769,910 |
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6,400,339 |
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Dilutive impact from: |
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Stock options to purchase common stock |
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— |
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— |
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— |
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Unvested restricted stock units |
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10,749 |
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— |
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— |
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Shares issuable under employee stock purchase plan |
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18 |
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— |
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— |
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Weighted average common shares outstanding - diluted |
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8,869,742 |
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7,769,910 |
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6,400,339 |
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Net income (loss) from continuing operations per share attributable to common stockholders - diluted |
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$ |
0.64 |
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|
$ |
(16.20 |
) |
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$ |
(29.71 |
) |
Net income from discontinued operations per share attributable to common stockholders - diluted |
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$ |
— |
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$ |
16.20 |
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$ |
11.94 |
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Net income (loss) per share attributable to common stockholders - diluted |
|
$ |
0.64 |
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|
$ |
— |
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|
$ |
(17.77 |
) |
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Anti-dilutive potential common stock equivalents excluded from the calculation of net income (loss) per share: |
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Stock options to purchase common stock |
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1,124,208 |
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886,123 |
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742,335 |
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Unvested restricted stock units |
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24,150 |
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81,459 |
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168,730 |
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Shares issuable under employee stock purchase plan |
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2,047 |
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7,160 |
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14,889 |
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Warrants to purchase common stock |
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32,379 |
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32,379 |
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58,871 |
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