v3.26.1
INCOME (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 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 JUNE 30,SIX MONTHS ENDED JUNE 30,
2026202520262025
Numerator:
Net income (loss) attributable to common stockholders - basic and diluted$(28,710)$(30,696)$(52,418)$117,755 
Denominator:
Weighted-average shares of common stock outstanding - basic19,800,322 40,612,907 19,715,585 40,586,279 
Effect of potentially dilutive stock options— — — 433,710 
Effect of potentially dilutive employee stock purchase plan shares— — — — 
Effect of potentially dilutive restricted stock units— — — 133,769 
Total potentially dilutive securities— — — 567,479 
Weighted-average shares of common stock outstanding used to compute diluted net loss119,800,322 40,612,907 19,715,585 41,153,758 
Net income (loss) per share of common stock
Basic$(1.45)$(0.76)$(2.66)$2.90 
Diluted$(1.45)$(0.76)$(2.66)$2.86 
The Company excluded the following from the computation of diluted net income (loss) per share attributable to common stockholders as of June 30, 2026 and 2025 because including them would have had an anti-dilutive effect:
In periods where there is a net loss, zero incremental shares are included as the effect would be antidilutive.
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
2026202520262025
Restricted stock unit awards277,474 12,462 164,024 6,265 
Options to purchase common stock4,139,826 4,838,595 3,906,745 4,865,192 
Employee stock purchase plan shares7,176 29,517 5,957 35,628 
Total4,424,476 4,880,574 4,076,726 4,907,085