v3.26.1
INCOME (LOSS) PER SHARE
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
INCOME (LOSS) PER SHARE INCOME (LOSS) PER SHARE
Basic and diluted income (loss) per share of common stock are calculated as follows (in thousands, except share and per share data):
THREE MONTHS ENDED MARCH 31,
20262025
Numerator:
Net income (loss) attributable to common stockholders - basic and diluted$(23,708)$148,451 
Denominator:
Weighted-average shares of common stock outstanding - basic19,629,906 40,559,355 
Effect of potentially dilutive stock options— 460,730 
Effect of potentially dilutive employee stock purchase plan shares— 914 
Effect of potentially dilutive restricted stock units— 326 
Total potentially dilutive securities— 461,970 
Weighted-average shares of common stock outstanding used to compute diluted net loss19,629,906 41,021,325 
Net income (loss) per share of common stock
Basic$(1.21)$3.66 
Diluted$(1.21)$3.62 
The Company excluded the following from the computation of diluted net income (loss) per share attributable to common stockholders as of March 31, 2026 and 2025 because including them would have had an anti-dilutive effect:
MARCH 31,
2026
MARCH 31,
2025
Restricted stock unit awards22,784 882,775 
Options to purchase common stock3,667,575 4,869,232 
Employee stock purchase plan shares5,443 42,086 
Total3,695,802 5,794,093