LOSS PER SHARE

3 Months Ended

Mar. 31, 2026

The following table sets forth the computation of basic and diluted loss per share of our common stock, net of non-controlling interest and dividends on Preferred Stock:


	Three Months Ended March 31,
(in thousands, except per share amounts)	2026		2025
Loss from continuing operations	$	(79,622)	$	(15,632)

Less: Dividend on Series A Preferred Stock	3,715		3,715
Loss from continuing operations attributable to stockholders of common stock	(83,337)		(19,347)
Income (loss) from discontinued operations, net of tax	2,677		(6,375)
Net loss attributable to stockholders of common stock	$	(80,660)	$	(25,722)

Weighted average shares used to calculate basic and diluted loss per share	133,754		97,930



Basic and diluted loss per share:
Continuing operations	$	(0.62)	$	(0.19)
Discontinued operations	0.02		(0.07)
Basic and diluted loss per share	$	(0.60)	$	(0.26)

In accordance with GAAP, dilution is assessed on the basis of continuing operations. We incurred a net loss from continuing operations in the three months ended March 31, 2026 and 2025, therefore basic and diluted shares are the same for those periods.

We excluded 10.5 million and 1.1 million shares related to stock options and warrants from the diluted share calculation for the three months ended March 31, 2026 and 2025, respectively, because their effect would have been anti-dilutive.