v3.25.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted EPS

The following table shows the calculation of basic and diluted EPS and the weighted average number of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of potentially dilutive common stock for the periods presented. Also shown are the weighted average number of shares

of potentially dilutive securities that were excluded from the calculation of diluted EPS for the periods presented because their effect would been anti-dilutive.

 

 

 

For the year ended December 31,

 

(Dollars in thousands, except per share data)

 

2025

 

 

2024

 

Net income (loss)

 

$

10,709

 

 

$

(15,385

)

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

87,719,189

 

 

 

49,123,861

 

Potentially dilutive securities

 

 

 

 

 

 

PSAs

 

 

175,840

 

 

 

—

 

Warrants

 

 

9,362,847

 

 

 

—

 

Weighted average common shares outstanding, dilutive

 

 

97,257,876

 

 

 

49,123,861

 

 

 

 

 

 

 

 

Basic earnings (loss) per common share

 

$

0.12

 

 

$

(0.31

)

Diluted earnings (loss) per common share

 

$

0.11

 

 

$

(0.31

)

 

 

 

 

 

 

 

Weighted average anti-dilutive securities excluded from diluted EPS

 

 

 

 

 

 

PSAs

 

 

1,207

 

 

 

92,369

 

Stock options

 

 

21,138

 

 

 

29,919

 

Warrants

 

 

—

 

 

 

2,916,792

 

Total weighted average anti-dilutive securities

 

 

22,345

 

 

 

3,039,080