v3.26.1
Basic and diluted net income per share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Basic and diluted net income per share Basic and diluted net income per share
Basic and diluted net income per share is calculated as follows (in thousands, except share and per share amounts):
Three Months Ended March 31,
20262025
Net income
$12,971 $5,023 
Basic weighted-average number of shares outstanding
50,754,76350,086,684
Adjustment for share options and RSUs with dilutive effect
2,180,0241,863,114
Diluted weighted-average number of shares outstanding
52,934,78751,949,798
Basic net income per share
$0.26 $0.10 
Diluted net income per share
$0.25 $0.10 
A total of 4,301,939 shares issuable upon the exercise of outstanding share options and vesting of RSUs for the three months ended March 31, 2026 (March 31, 2025: 3,691,365) have been excluded from the calculation of diluted net income per share due to their anti-dilutive effect.
For the three months ended March 31, 2026 and 2025, shares issuable upon the potential conversion of all of the Notes were excluded from the calculation of diluted net income per share due to their anti-dilutive effect.