v3.26.1
Earnings (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share amounts):

 

 

 

Year Ended December 31,

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Numerator for loss per share:

 

 

 

 

 

 

Net income (loss) attributable to common shareholders

 

$

(130,192

)

 

$

(51,349

)

 

 

 

 

 

 

 

Denominator for earnings (loss) per share:

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

46,252

 

 

 

40,229

 

Denominator for basic loss per share

 

 

46,252

 

 

 

40,229

 

Weighted average unvested restricted stock units

 

 

162

 

 

 

1,269

 

Weighted average number of common shares from assumed conversion of Series B Preferred Shares

 

 

397

 

 

 

—

 

Denominator for diluted earnings per share

(1)

 

46,252

 

 

 

40,229

 

 

 

 

 

 

 

 

Loss per weighted average common share:

 

 

 

 

 

 

Basic

 

$

(2.81

)

 

$

(1.28

)

Diluted

 

$

(2.81

)

 

$

(1.28

)

 

(1)
If the Company sustains a net loss for the period presented, unvested restricted share units and convertible Series B Preferred Shares are not included in the diluted earnings per share calculation.