v3.26.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The calculations of basic and diluted earnings per share were as follows:
Three Months Ended March 31,
($ and shares in thousands, except per share amounts)(1)
20262025
Numerator:
Net income attributable to common stockholders – basic
$166,731 $71,116 
Plus: Dilutive effect of convertible notes, net(2)
344 339 
Net income attributable to common stockholders – diluted(2)
$167,075 $71,455 
Denominator:
Weighted average common stock outstanding – basic1,276,328 1,097,994 
Convertible notes(3)
69,440 50,508 
Unvested RSUs22,570 30,244 
Common stock options8,437 6,719 
Unvested PSUs1,218 — 
Underwritten public offering options(4)
18 — 
Weighted average common stock outstanding – diluted1,378,011 1,185,466 
Earnings per share – basic$0.13 $0.06 
Earnings per share – diluted$0.12 $0.06 
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(1)Certain amounts may not recalculate exactly using the rounded amounts provided. Earnings per share is calculated based on unrounded numbers.
(2)Reflects interest expense incurred, net of tax, associated with convertible note activity during the period as evaluated under the if-converted method.
(3)Includes incremental dilutive shares from 2026 convertible notes and 2029 convertible notes.
(4)For the three months ended March 31, 2026, reflects weighted average options outstanding related to a 30-day option to purchase additional shares pursuant to our December 2025 underwritten public offering. The Company completed the issuance and sale of common stock pursuant to the option in January 2026. See Note 9. Equity for additional information.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents the securities that were not included in the computation of diluted EPS as the effect would have been anti-dilutive.
Three Months Ended March 31,
(Shares in thousands)20262025
Unvested RSUs(1)
7,200 3,067 
Unvested PSUs(1)
10,106 15,600 
ESPP1,469 1,018 
Contingent common stock(2)
— 46 
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(1)Amounts reflect weighted average instruments outstanding.
(2)Represents contingently returnable common stock in connection with the Technisys Merger, which consisted of shares that were held in escrow pending resolution of outstanding indemnification claims by SoFi. These shares were issued in 2022 and partially released in 2023, with all remaining shares released in January 2026.