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(LOSS) EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
(LOSS) EARNINGS PER SHARE (LOSS) EARNINGS PER SHARE
Basic (loss) earnings per share represents income available to common stockholders divided by the weighted average number of Common Stock outstanding during the reported period. Diluted (loss) earnings per share is based upon the weighted-average number of shares outstanding during the period plus additional weighted-average potentially dilutive share equivalents during the period when the effect is dilutive.

Basic and diluted weighted average shares outstanding and (loss) earnings per share were as follows:
Three Months Ended June 30,Six Months Ended June 30,
In Thousands except share and per share data2026202520262025
Net (loss) income$(181,635)$(32,161)$(108,699)$24,525 
Weighted-average shares outstanding:
Weighted average shares used in computing (loss) earnings per share, basic163,410,894 147,055,804 158,663,642 147,779,470 
PBNQSO— — — 1,188,480 
Founders advisory fees— — — 7,071,183 
Weighted average shares used in computing (loss) earnings per share, diluted 163,410,894 147,055,804 158,663,642 156,039,133 
Basic (loss) earnings per share$(1.11)$(0.22)$(0.69)$0.17 
Diluted (loss) earnings per share$(1.11)$(0.22)$(0.69)$0.16 
The number of anti-dilutive securities not included in the calculation of diluted (loss) earnings per share were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
PBNQSO7,723,977 1,511,730 3,934,644 235,000 
Founders advisory fees10,797,198 7,071,183 7,755,659 — 
Total18,521,175 8,582,913 11,690,303 235,000