Basic net income per share of common stock is computed by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share of common stock is computed by including the basic weighted-average shares of common stock outstanding adjusted for the effects of all dilutive potential shares of common stock, which include, if dilutive, outstanding stock awards. The computation of diluted earnings per share excludes the effect of the potential exercise of stock-based awards, including Stock Options, when the effect of the potential exercise would be anti-dilutive. The dilutive impact of the stock options is determined by applying the treasury stock method.


(in thousands, except share and per share amounts)	For the Three Months Ended March 31,
	2026		2025
Numerator
Income available to common stockholders (basic and diluted)	$	56,916	$	17,229

Denominator
Weighted-average number of common shares outstanding	197,869,060		125,323,813
Weighted-average number of warrants outstanding	—		45,315,182
Basic — weighted average number of shares outstanding	197,869,060		170,638,995

Effect of dilutive securities - time-vested options	2,567,442		4,013,843
Effect of dilutive securities - performance-based options	2,833,074		—
Effect of dilutive securities - RSUs and PSUs	11,615		—
Diluted — weighted average number of shares outstanding	203,281,191		174,652,838

Earnings/(loss) per share
Basic	$	0.29	$	0.10
Diluted	$	0.28	$	0.10

The equity awards excluded from the calculation of the dilutive effect may be excluded due to one of the following: (1) the shares were antidilutive or (2) the necessary conditions had not been satisfied for the shares to be deemed issuable based on the Company's performance for the relevant performance period. The number of shares stated for each of these excluded awards is the maximum number of shares issuable pursuant to these awards.