​

  ​ ​ ​

For the Three Months Ended

​

​

March 31, 

​

​

2026

​

2025

Net income (loss)

​

$

(38,116)

​

$

(5,861)

Less: Net income allocated to participating securities

​

—

​

—

Basic and diluted earnings available to common stockholders

​

$

(38,116)

​

$

(5,861)

​

​

​

​

​

​

​

Common shares:

​

  ​

​

  ​

Common shares outstanding — basic

​

41,143

​

40,188

Dilutive effect of potential common shares

​

—

​

—

Common shares outstanding — diluted

​

41,143

​

40,188

​

​

​

​

​

​

​

Net earnings (loss) per share:

​

  ​

​

  ​

Basic

​

$

(0.93)

​

$

(0.15)

Diluted⁽¹⁾

​

$

(0.93)

​

$

(0.15)