
Table 18.1. Earnings per share
	Three months ended March 31,
	2026		2025


Net income from continuing operations	$	55,246	$	64,791
Less: Net loss attributable to noncontrolling interests	(7)		—
Net income attributable to common stockholders	$	55,253	$	64,791

Net income attributable to common stockholders	$	55,253	$	64,791
Less: Dividend preference on preferred shares	—		(64,791)

Net income available to common stockholders - basic	$	55,253	$	—

Net income attributable to common stockholders	$	55,253	$	64,791
Less: Changes in fair value of convertible debt and warrant liability	—		(2,345)
Less: Dividend preference on preferred shares	—		(62,446)

Net income available to common stockholders - diluted	$	55,253	$	—

Weighted-average common shares – basic	244,038		57,966
Add: Weighted-average effect of dilutive securities	22,649		17,684
Weighted-average common shares – diluted	266,687		75,650

Earnings per common share attributable to common stockholders:
Basic earnings per common share	$	0.23	$	0.00
Diluted earnings per common share	$	0.21	$	0.00

The outstanding securities that were excluded from the computation of diluted earnings per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows (in thousands):


Table 18.2. Potentially Dilutive Securities
	Three months ended March 31,
	2026	2025
Redeemable convertible preferred stock	—	139,807
Stock options and RSUs	770	—
Common stock in connection with business combinations	—	150


Total	770	139,957