The following table sets forth the computation of basic and diluted net profit (loss) per share for the periods indicated (in thousands, except per share data):


	Three Months Ended March 31,
	2026		2025

Net profit - basic	$	48,211	$	61,790
Changes in fair value of convertible loan	(63,823)		(42,934)
Net (loss) profit - diluted	$	(15,612)	$	18,856

Weighted average common stock used in computing basic net profit per share	332,360		323,431
Weighted-average effect of dilutive securities:

Diluted effect of shares issuable upon exercise of stock options	—		11
Diluted effect of shares issuable upon exercise of non-vested shares	—		983
Diluted effect of shares issuable upon conversion of convertible loan	52,912		50,000
Weighted average common stock used in computing diluted net (loss) profit per share	385,272		374,425

Net profit per share - basic	$	0.15	$	0.19
Net (loss) profit per share - diluted	$	(0.04)	$	0.05

Potentially dilutive securities not included in the diluted net profit (loss) per share computations because their effect would have been anti-dilutive were as follows (in thousands):


	Three Months Ended March 31,
	2026	2025
Shares issuable upon exercise of stock options	548	30,876
Shares issuable upon vesting of non-vested shares	1,472	884
Shares issuable upon exercise of warrants	933	33,937
Shares issuable that may be subject to cancellation	—	1,688