Net (Loss) Income Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted net (loss) income per share is calculated as follows (in thousands, except share and per share amounts):


	Three months ended March 31,
	2026		2025
Numerator:
Net (loss) income	$	(10,322)	$	555
Denominator:
Weighted average shares of common stock outstanding, basic	24,145,066		30,779,430
Plus: dilutive effect of stock options	—		2,168,633
Plus: dilutive effect of RSUs	—		255,456
Plus: dilutive effect of ESPP	—		15,298
Weighted average common shares outstanding, diluted	24,145,066		33,218,817
Net (loss) income per share, basic	$	(0.43)	$	0.02
Net (loss) income per share, diluted	$	(0.43)	$	0.02

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially dilutive common shares, presented based on amounts outstanding, were excluded from the computation of diluted net (loss) income per share because their effect would have been antidilutive for the periods presented:


	Three months ended March 31,
	2026	2025
Stock options	2,456,717	—
RSUs	4,601,120	1,090,115
ESPP	75,009	—
Common stock warrant	4,121,034	4,121,034
Total shares excluded from diluted net (loss) income per share	11,253,880	5,211,149