v3.26.1
Net Income (Loss) per Common Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Summary of Calculations for Basic and Diluted Net Income (Loss) Per Common Share

The calculations for basic and diluted net income (loss) per common share are as follows:

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Net loss from continuing operations

 

$

(18,003

)

 

$

(25,911

)

Net income from discontinued operations, net of tax

 

 

 

 

 

100,731

 

Net income (loss)

 

 

(18,003

)

 

 

74,820

 

Less: accretion of Series B Preferred Stock dividends

 

 

(824

)

 

 

(883

)

Net income (loss) available to common stockholders

 

$

(18,827

)

 

$

73,937

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic and diluted

 

 

23,782

 

 

23,581

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per common share:

 

 

 

 

 

 

Continuing operations

 

$

(0.79

)

 

$

(1.14

)

Discontinued operations, net of tax

 

$

 

 

$

4.27

 

Net income (loss) per common share

 

$

(0.79

)

 

$

3.14

 

Common Stock Equivalents Excluded From Diluted Net Income (Loss) Per Share

The following common stock equivalents have been excluded from diluted net income (loss) per share for the fiscal years presented below because their inclusion would have been anti-dilutive (in thousands):

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Shares of common stock subject to outstanding RSUs

 

 

792

 

 

 

807

 

Shares of common stock subject to outstanding PSUs

 

 

300

 

 

 

418

 

Shares of common stock subject to outstanding stock options

 

 

 

 

 

444

 

Shares of common stock issuable upon conversion of Series B Preferred Stock

 

 

7,074

 

 

 

6,868

 

Total

 

 

8,166

 

 

 

8,537