| Basic and Diluted Net (Loss) Income Per Share Attributable to Common Stockholders |
Basic and diluted net (loss) income per share attributable to common stockholders was calculated as follows (in thousands, except share and per share data):
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
2026 |
|
|
2025 |
|
Basic Earnings Per Share: |
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|
|
|
Numerator: |
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|
|
|
|
Net (loss) income |
$ |
(19,913 |
) |
|
$ |
32,682 |
|
Net (loss) income attributable to common stockholders - basic |
$ |
(19,913 |
) |
|
$ |
32,682 |
|
|
|
|
|
|
|
Denominator: |
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|
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|
Weighted-average shares outstanding - basic |
|
9,582,533 |
|
|
|
8,703,221 |
|
Net (loss) income per share attributable to common stockholders - basic |
$ |
(2.08 |
) |
|
$ |
3.76 |
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|
|
|
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|
Diluted Earnings Per Share: |
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|
|
|
|
Numerator: |
|
|
|
|
|
Net (loss) income |
$ |
(19,913 |
) |
|
$ |
32,682 |
|
Net (loss) income attributable to common stockholders - diluted |
$ |
(19,913 |
) |
|
$ |
32,682 |
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
Weighted-average shares outstanding - basic |
|
9,582,533 |
|
|
|
8,703,221 |
|
|
|
|
|
|
|
Dilutive impact from: |
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|
|
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Stock options to purchase common stock |
|
— |
|
|
|
— |
|
Unvested restricted stock units |
|
— |
|
|
|
10,364 |
|
Shares issuable under employee stock purchase plan |
|
— |
|
|
|
1,116 |
|
Weighted-average shares outstanding - diluted |
|
9,582,533 |
|
|
|
8,714,701 |
|
Net (loss) income per share applicable to common stockholders - diluted |
$ |
(2.08 |
) |
|
$ |
3.75 |
|
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 |
|
1,642,883 |
|
|
|
1,244,484 |
|
Unvested restricted stock units |
|
185,120 |
|
|
|
76,477 |
|
Shares issuable under employee stock purchase plan |
|
885 |
|
|
|
4,229 |
|
Warrants to purchase common stock |
|
32,379 |
|
|
|
32,379 |
|
|