The Company computes basic net profit (loss) per share using net profit (loss) attributable to the Company’s common shareholders and the weighted-average number of common shares outstanding during each period. Diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive. The Company does this through the treasury stock method. The calculations presented below represent the basic and diluted net profit (loss) per share for all classes of securities.


	For the year ended December 31,
	2025			2024			2023
Numerator:
Net loss from continuing operations	$	(100,355	)	$	(99,858	)	$	(57,075	)
Net loss from discontinued operations		(193,263	)		—			—
Less: Net loss attributable to non-controlling interests		(323	)		(1,029	)		(1,110	)
Net loss attributable to common shareholders	$	(293,295	)	$	(98,829	)	$	(55,965	)
Denominator:
Weighted-average shares outstanding - Basic		215,742			218,311			248,019
Add: Weighted average unvested options and warrants outstanding		—			—			—
Add: Dilutive effect of restricted units issued		—			—			—
Weighted-average shares outstanding - Diluted		215,742			218,311			248,019
Net loss per common share:
Basic and Diluted
Continuing operations attributable to common shareholders	$	(0.46	)	$	(0.45	)	$	(0.23	)
Discontinued operations	$	(0.90	)	$	—		$	—
Net loss attributable to common shareholders	$	(1.36	)	$	(0.45	)	$	(0.23	)

For the years ended December 31, 2025, 2024 and 2023, the Company was in a net loss position, thus the effect of potentially dilutive securities was excluded from the denominator for the calculation of diluted net loss per share because the inclusion of such securities would be antidilutive. The following dilutive securities are excluded from the denominator:


	For the year ended December 31,
	2025		2024		2023
Unvested or unexercised option awards		298,334		2,627,095		4,039,537
Unvested RSUs		6,222,034		10,893,388		12,468,235
Warrants		29,242,103		34,817,626		36,465,771
Total		35,762,471		48,338,109		52,973,543

Note 17 – Net Profit (Loss) Per Share